With educational roots in the United Kingdom during the 1980s and a successful career in Hong Kong's legal industry that began in the 1990s, I have been honored to serve in several reputable law firms throughout my legal career. Currently, I hold a senior position at a Hong Kong law firm. Despite my busy schedule, I have always been committed to giving back to society. In 2011, I began offering free legal advice to the public to assist those who cannot afford legal representation. It has been my pleasure to guide and support those in need. My expertise also extends beyond the legal profession. I have a profound comprehension of various trade finance products and count with an extensive experience in international trade.
A quote from stock guru Warren Buffett struck a chord with me, and it is worth sharing with my site's visitors: "Look for three things in a person — Intelligence, Energy, and Integrity. If they don't have the last one, don't bother with the first two." It is this philosophy that I carry with me in all that I do.
Launching a startup is remarkable, but it can only be successful if it has adequate funding. The availability of sufficient working capital is crucial for any business. However, startups may find it difficult to obtain business loans or lines of credit from traditional banks. In most cases, they do not have a track record of profitability that can demonstrate to the bank that they are capable of repaying the loans.
As an entrepreneur seeking funding for your startup business project, it may take considerable time and effort to acquire the financing you need to reach your next milestone. There has been an increase in startups competing for scarce funding, making it harder to obtain startup funding. In addition, investors are setting higher benchmarks for startup projects because they want to invest their capital in a venture with a promising future. Therefore, statistics show that 7 of 10 entrepreneurs crash their experiences within the first 12 -15 months of starting their venture, making up 70% of all startups that fail. Typically, this is the result of insufficient cash flow.
Financing a startup business project can be challenging. The need for additional capital and financial backing is inevitable. Nevertheless, you are not out of options — Here is where you can access a bank instrument to help you accomplish your business objectives.
I am a lawyer based in Hong Kong. Having established relationships with a credible network of angel investors, I can assist entrepreneurs in securing project financing through bank instruments such as Bank Guarantee (BG) or Standby Letter of Credit (SBLC). The use of BGs or SBLCs, when utilized to the fullest extent, can be an effective means for financing business projects.
For your information, my commission rate is 1% - 1.5% of the face value of the bank instrument you apply for. Also, issuing a BG or SBLC always includes an upfront fee, such as a transmission or issuance fee. There is no doubt that paying an upfront fee is risky. In order to protect your interests and alleviate your concerns, you can place the upfront fee in escrow with the law firm where I work or another law firm of your choice in Europe, preferably an international law firm.
As a first step, please send me your executive summary detailing how you will use the funds, which enable me to conduct due diligence. If proven viable, I will forward your project details to a suitable investor for his consideration. If the investor approves your application after a background check, you will receive a Bank Guarantee or a Standby Letter of Credit from Deutsche Bank via Swift protocol MT760 within a month or two. To simplify the application process, the MT799 is not required.
I would happily assist you with additional information regarding BG or SBLC project financing. Please use the form below to contact me.
Escrow Services | Safeguard Your Assets And Reduce The Risk Of Fraud
Escrow is a legal arrangement whereby a trusted third party (the escrow agent) temporarily holds an asset (usually funds) on behalf of two other parties involved in a transaction. Upon fulfilling the contractual requirements predefined in the escrow agreement, the escrow agent will release the funds to the proper recipient.
The use of escrow services in business transactions is extensive. Examples include BG/SBLC leasing, mergers and acquisitions, project finance, trading activities, and commodities sales and purchases. In addition, escrow can also serve as a POF in situations where a purchaser wishes to assure a seller that he has sufficient funds to complete the transaction.
Risk reduction is top of mind in any global transaction, and escrow services are always a smart solution to reduce fraud risk and protect your assets. As a senior lawyer practicing for over 25 years and having substantial experience in international commodity trading and financial transactions, I can help you develop an escrow structure that meets your needs and protects your funds throughout the entire escrow process.
The escrow agent fee is typically 1% to 2% of the amount in escrow. Although other escrow agents may offer you a lower rate, you must keep in mind that if something goes wrong, the cost will be much higher.
As soon as my law firm is engaged to provide escrow services, it establishes an escrow account. As part of the escrow process, it prepares a well-drafted and tailored escrow agreement to protect your funds until closing.
Please get in touch with me through the form below for further information.