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Choi Lawyer
18 followers -
Senior Lawyer & Entrepreneur
Senior Lawyer & Entrepreneur

18 followers
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PROJECT FUNDING:

Getting access to working capital is vital for growing your business, but it is always not easy to get funding for your business. One of the biggest challenges you’ll face as a new startup is getting enough capital to get your business off the ground. Likewise, it is not easy to locate project financing sources. Finding start up business loans and project financing sources can often be a frustrating experience. This does not, however, mean that you are out of options to finance the growth of your company or get your project funded.

Whether you need start up business loans or project financing, you have come to the right place. I have good connection with reputable BG/SBLC providers and financiers who will design a solution that meets your specific business challenges and borrowing needs, and provide you with funding for a variety of projects worldwide. They are flexible, creative and can look at projects from a ‘non conventional’ viewpoint. They all recognize that there are difficulties for large projects to obtain a traditional loan, and are therefore prepared to help entrepreneurs get large project funding, even if they are not eligible for funding by banks or financial institutions.

To get started, I need your executive summary (with use of funds) and business plan. If proved to be workable, I will pass them on to a suitable BG/SBLC provider or financier who will assess your specific needs and come up with a plan that matches the funding you need. It could be a business loan or a Banker’s Guarantee / Standby Letter of Credit (BG/SBLC) which is a tool used worldwide to raise funds.
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ESCROW SERVICES:

Every businessman and broker should require escrow services for facilitating transactions and reducing risk, and most importantly to combat scammers. As a senior lawyer practising for more than 20 years, and have had substantial experiences in international commodity trading and financial transactions, I will be able to design the best escrow agreement to make sure your funds will be fully protected during the entire escrow period.

Hong Kong has a well-established common law system based on English law, where the rule of law is upheld by an independent judiciary. My law firm is now providing efficient and professional escrow services to clients with a variety of different business needs. Escrow is a legal arrangement whereby an asset (usually funds) is delivered to a trusted third party (the “Escrow Agent”) to be held pending a contingency or the fulfillment of a condition as predefined in the relevant escrow agreement. Upon that event occurring, the Escrow Agent will deliver the funds to the proper recipients.

Escrow services can be used in a variety of transactions. A typical example is paying upfront fee for issuance of Banker’s Guarantee / Standby Letter of Credit (BG/SBLC). I have often heard that many people have been cheated by paying upfront fees for issuance of BGs/SBLCs, upfront fees were paid, but BGs/SBLCs were not delivered at the end. Had they engaged my law firm’s escrow services, they would have been protected by the well drafted escrow agreements and would not have lost their upfront fees.

For Hong Kong escrow agent fee, it would be in the range of 0.75% - 1.5% of the amount in escrow, depending on the size of the business deal and its complexity. You may be able to find an escrow agent who offers a lower rate. However, please bear in mind that hiring a cheap one may look appealing now, but it will become much more expensive if anything goes wrong.

Once a client decides to engage my law firm to provide escrow services, an escrow agreement will be prepared as soon as possible, and it will be tailor-made to ensure that your funds will be fully protected up to closing.

Any potential clients are always welcome to visit my law office during office hours.
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