A process agent is an appointed representative upon whom court papers may be served, typically in financing transactions. When you hire a professional process agent, you can be assured that the appropriate steps will be taken in a timely manner when service of process is received. It also saves you the time and expense that would be incurred in setting up offices in different states and/or countries.
In a cross-border financing transaction, you have to decide which country’s governing law will preside over legal issues. Typically, companies choose New York, London, Hong Kong or Singapore because they’re financial centers with well-developed contract, commercial and business laws.
Lenders require that you appoint a process agent to be a contact with a physical address within that chosen jurisdiction. Your process agent will receive legal documents and notices related to your financing transaction, and forward them to your designated contact.
Before you can close your deal, you will need to provide evidence of the acceptance by your process agent. That’s why we work hard to be a process agent you can trust to work with your whole transaction team: lenders, lessors, each party’s counsel and the company, as borrower or issuer.
COGENCY GLOBAL provide process agent services in London, New York, Hong Kong, Singapore and other jurisdictions in the U.S. and around the world.
Why Choose COGENCY GLOBAL?
As an international process agent, we are experienced in cross-border financing deals and understand our role, at the time of the deal’s closing and throughout the term. We deliver customised service, based on that understanding, so that you can focus on your transactions. Our team works hard to meet your most important considerations:
If your provider charges by the number of agreements, you’ll spend thousands more than you need to. We understand that there are multiple agreements in every deal, so we never charge an additional fee per agreement, resulting in significant savings for you.
Our experienced team is available around the clock on business days, to handle your requests quickly no matter what time zone you’re in. We deliver our acceptance as process agent on the same day, or within 24 hours, to ensure your deal won’t be delayed. Since market conditions change constantly, we understand that delays are simply unacceptable in any transaction.
We are committed to the long-term satisfaction of our clients around the world. Our team travels to meet with our clients in person, every year. That dedication helps us to better understand your needs, personalise our services and develop helpful, professional friendships. Our commitment to providing customised service is the foundation of our business.
Know that your process agent understands their role, both at the time of appointment and during the term of your financing. We maintain tight internal controls to ensure prompt notification and response when we receive any legal documents, notices or requests to amend existing appointments.
The members of our global team are multilingual legal or industry professionals, located in cities around the world.