As international business continues to grow, there are many cross-border deals, transactions, and mergers and acquisitions. The parties involved in the transactions need to feel secure that their interests and funds are protected and properly transferred. These deals often entail large amounts of money changing hands through escrow agreements; therefore, international escrow / transfer agents have become very important to execute these escrow agreements.
An escrow agreement is a financial arrangement in which two or more parties retain the services of a trustee (or escrow agent) to temporarily hold money, documents, securities, or real or financial assets on their behalf to ensure the successful completion of a transaction. Through a partnership with Mahanakorn Partners Group (MPG), Hone Maxwell LLP is now able to assist with these escrow services.
MPG provides escrow services for any type of undertaking, protecting clients’ best interests while maintaining the highest standards of confidentiality. Additionally, MPG is based in Thailand, a very favorable jurisdiction. Due to sanctions and other laws, it can be difficult to use some countries when the U.S. is party to a transaction. Thailand on the other hand, is a trade-friendly jurisdiction with no sanctions whatsoever. Thailand is a very friendly jurisdiction for the United States (by virtue of the U.S.-Thailand Treaty of Amity) as well as for China, making Thailand the perfect bridge for U.S. – China business. Furthermore, Thailand’s geographic location makes it an excellent choice for transactions throughout Asia. Also, bank due diligence in Thailand is a quicker and more efficient process than in the U.S., which allows deals to get approved much more expeditiously.
Lastly, the relationship between HMLLP and MPG, where HMLLP Partner Josh Maxwell serves as Of Counsel, offers clients the needed expertise and services to complete any business deal or transaction. MPG has a global physical presence and proven results, and HMLLP has personal contacts and experience from working with clients around the world. When dealing with international business it is important to work with professionals you can trust and who have the needed experience. MPG and HMLLP are the ideal partners and advisors for your international business.
