Lawyers and Conflicts

Barnett, Susanna Duff
July 2004
Bond Buyer;7/8/2004, Vol. 349 Issue 31921, p1
Trade Publication
Reports on the move of issuers to hire other attorneys to represent them in Internal Revenue Service (IRS) audits of tax-exempt bond transactions in the U.S. Possibility of conflicts of interest to arise when a law firm provides a bond opinion in a transaction; Inclusion of the conflict of interest waiver in the letter of engagement from law firms to the issuers; Warning of IRS for issuers to be wary when hiring the same law firm that provided an opinion to represent it in an audit.


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