The Benefits Of Hiring A Process Agent - London Registrars
by Liz Seyi Digital marketing managerFor organisations based outside of the UK that have
reason to conduct business with UK suppliers, or under a contract subject to UK
jurisdiction, or attempting to raise a loan from a City institution, a UK process agent service can be
crucial for ensuring service of notices, proceedings or documents can be
accepted by such organisations within the UK.
A City lender, for instance, will typically expect
a borrower from another country to appoint a UK-based process agent so that, in
the event of the borrower defaulting on the loan, they can still receive formal
notices in the UK in relation to this.
So, what are some of the particular benefits of a
UK process agent service that your organisation from another jurisdiction
should be aware of?
A professional process agent offers specialist
expertise
Turn to an organisation like London Registrars for
your firm’s process agent service in the UK, and you can be sure you will be
represented by someone in the UK who possesses the expertise and experience
needed to be accepted by the counterparty to your underlying agreement and to
fulfil their oblilgations as your UK process agent.
If your business enters a cross-border financing
deal with an organisation in the UK, you will want to be certain that the
process agent understands their role and responsibilities at every stage, and
the particular needs applicable to the specific transaction. Choose us as your
process agent, and you can be assured of exactly that.
They will help ensure your organisation responds
quickly to legal proceedings
The chances are that you will be extremely busy on
a day-to-day basis, running your core business. With your UK process agent
being responsible for accepting service of notices, proceedings, or documents
on your behalf in the UK and informing you promptly of receipt of such
documents, this will help ensure your firm responds swiftly to any impending
legal proceedings.
The presence of a process agent helps reassure all parties
It is always crucial in cross-border financial
arrangements for both parties to be confident that there won’t be serious
issues, such as a missed or mishandled legal proceeding leading to a default
judgement.
The non-UK organisation agreeing to appoint a
UK-based process agent will greatly help to provide that confidence. It will
mean that service at the process agent’s UK address will constitute proper
service for the purposes of court procedural requirements, so that the UK
entity providing a given service or loan won’t need to worry about trying to
serve notices, proceedings, or documents abroad.
When you wish to be sure of your organisation
outside the UK benefitting from the most reputable, comprehensive, and
cost-effective UK process agent service, there is no need to look further than London Registrars. Please don’t
hesitate to call 020 7608 0011 for
further information, or visit theprocess agency page of
our website.
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Created on Aug 16th 2022 01:28. Viewed 128 times.