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Process agent: Difference between revisions
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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. | 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. | |||
====It would make a great play==== | ====It would make a great play==== | ||
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====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 process agent capsule}} | ||
{{sa}} | |||
*{{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] | ||