What Is A Process Agency Part 2 - London Registrars
In our previous blog post here at London Registrars, we wrote about the significance and role of a process agent service , including what a process agent is, in what circumstances it might be needed, and who can act as a process agent. Turning to part two of our guide, we will answer more of our readers’ and clients’ pressing questions, so that you can be sure of only making the most informed decisions for your own organisation’s requirements. What is a process agent letter? The term “process agent letter” refers to the letter that appoints a process agent in England and Wales (also known as the Process Agency Agreement) so that the agent can accept legal proceedings on behalf of a party that has submitted to the English courts’ jurisdiction, but which lacks a registered office in the jurisdiction. How might a process agent be involved in a loan agreement? A process agent service is often especially appropriate in situations involving loan agreements – for example, where an ...