GREECE Law and Practice Contributed by: Panagiotis (Notis) Sardelas, Matina Kagkelari and Anna Zlatoudi, Sardelas Petsa Law Firm
8.2 Dealing With Legal Issues Legal opinions do not typically cover accounting matters, but may include certain conclusions, qualifications or assumptions that may be used for the purposes of risk assessment. Legal practitioners should pay attention to the transfer price and to any remuneration received by the seller from the SPE, and should confirm, through the documentation, among others, that the seller has no control over the SPE and that the seller does not provide any undertaking to ensure the realisation of any of the securitised assets.
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