BAFT (Website) has posted updated Legal Opinions (2022) covering BAFT Master Participation Agreements (MPA) issued in accordance with English Law (2008, amended in 2022) & (2018, amended in 2022) and New York Law (2019, amended in 2021). The Legal Opinions covering the MPA (New York Law Version) have been issued by Sullivan & Worcester, UK LLP London, and Sullivan & Worcester, LLP New York. The Legal Opinions for the MPA (English Law Versions) has been issued by Sullivan & Worcester, UK LLP London.
The BAFT MPAs were updated to accommodate LIBOR-related updates, and these newly issued Legal Opinions complete the documentation for utilization.
These documents are available for free to BAFT members and for a fee to non-members through the BAFT website “Members Tools” section.”