Process agent: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(7 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{g}}{{process agent capsule}}
{{a|negotiation|{{subtable|{{process service rule 6.11}}}}}}{{process agent capsule}}


There are many businesses which act as process agents, although they charge heavily for doing so. If you have an [[affiliate]], [[agent]] or [[investment manager]] in England or Wales, best ask them if they will accept service on your behalf.
===Who needs one? ===
Any counterparty who does not have a permanent place of business in England or Wales. Or their adjacent territorial waters. Process agents are standard in {{tag|English law}} {{tag|contract}}s with overseas counterparties.
===How do I get a one?===
Many corporate trust and agency businesses act as process agents, although they charge outrageously for the service. Law firms used to do it, but they charged even more, and even then complained they couldn’t make any money out of it.  


If you have an [[affiliate]], [[agent]] or [[investment manager]] or buddy in England or Wales, best ask them if they will accept service on your behalf.
====It would make a great play====
====It would make a great play====
It would be kind of cool to set up a process agency business on a barge moored in the Bristol Channel, just to make service on that process agent as hard as is humanly possible, and potentially impossible if a great storm blew in from the Atlantic on the last day of the statute of limitations.  Would make a great play. Actually, now you mention it - [[The ISDA Protocol]].
It would be kind of cool to set up a process agency business on a barge moored in the Bristol Channel, just to make service on that process agent as hard as is humanly possible, and potentially impossible if a great storm blew in from the Atlantic on the last day of the statute of limitations.  Would make a great play. Actually, now you mention it - [[The ISDA Protocol]]. We quite like the idea of a process agent so in thrall to McKinsey that it has outsourced its whole operation to India


====Careful with the territorial waters ====
====Careful with the territorial waters ====
If your [[process agent]] ''is'' moored on a barge — say, off the coast of Berwick-upon-Tweed — then depending on the prevailing current, you may or may not be able to service process there.
If your [[process agent]] ''is'' moored on a barge — say, off the coast of Berwick-upon-Tweed — then depending on the prevailing current, you may or may not be able to service process there.
===A process agent in New York?===
{{New York process agent capsule}}


===New York===
{{sa}}
The [https://www.serve-now.com/resources/process-serving-laws/new-york#311 New York rules of civil procedure] do ''not'' require service of process within the state of New York, nor even her territorial waters. Your process service guy can travel far and wide, serving the miscreant in whichever jurisdiction he may find an authorised representative to whom he can hand the papers. As long as he trots back and files an affidavit of service in the New York court, that will do. Therefore - however much money [https://ct.wolterskluwer.com CT Corporation] may reap persuading its offshore clients otherwise, foreigners conducting their affairs under the laws of the state of New York need not appoint a NY process agent.
 
===Who needs one? ===
Any counterparty who does not have a permanent place of business in England or Wales. Process agents are standard in {{tag|English law}} {{tag|contract}}s with overseas counterparties.
 
===See also===
*{{isdaprov|Process Agent}} - ISDA provision
*{{isdaprov|Process Agent}} - ISDA provision
*[https://www.justice.gov.uk/courts/procedure-rules/civil/rules/part06 Part 6 of the Civil Procedure Rules, governing the service of process]
*[https://www.justice.gov.uk/courts/procedure-rules/civil/rules/part06 Part 6 of the Civil Procedure Rules, governing the service of process]
{{ref}}