Private Placement Programs (PPP)
When receiving large sums of money, our clients require someone to handle the payments before it reaches their banks. Instead of hiring someone full time to cover such matters, our clients are much better served by using Europlaw Group which has plenty of experience and has an existing infrastructure for distributing large payments. When dealing with such large transactions, it is crucial that everything gets handled professionally.
At Europlaw Group, this is precisely what we do best. Europlaw Group takes large, unique transactions and disburses them similarly to an escrow tailored specifically for you or your business. Europlaw Group has an entire team of experts on hand to ensure that your payments are received properly and legally. This makes Europlaw Group THE PERFECT alternative to escrows. Not only will Europlaw Group work directly with you to fill your specific needs, but Europlaw Group will also charge you much less for our paymaster services than most escrow services. Furthermore, Europlaw Group does not charge any registration fees for our services, allowing you to sign up for free. The net effect is more of your money staying with you rather than getting spent on fees..
Our evolution comes from years of experience in the above fields of expertise, as there are very few industries more challenging than the business of Bank Guarantees and Financial Instruments, Bonds, Platform Trading, Private Investment Programs and Project Funding.
OUR INTERNATIONAL EXPERIENCE AS PAYMASTERS
We are experienced enough to know that this is not the place for the proverbial "one man band". In light thereof, we have established a worldwide footprint with offices in the Republic of Botswana, Republic of South Africa, Federal Republic of Nigeria, United Kingdom, United Arab Emirates, United States of America and Republic of Mauritius. There is a worldwide team of dedicated professionals at the disposal of our clients on a 24-hour international basis.
OUR INTERNATIONAL RESPONSIBILITY
Europlaw Group provides paymaster services to international private individuals, corporate entities and listed organisations that require trustworthy disbursements of payments, dividends, and commissions for large transactions of currencies, bank guarantees, MTN's, gold, oil, gas, platinum, T-Strips, and other instruments.
Europlaw Group, Inc. serves as its independent paymaster services arm, providing escrow, fiduciary services, law of contract, international legal advisory and business law services to our clients. Europlaw Group specializes in project management and escrow services for complex single payer transactions requiring disbursements to multiple sellers, counterparties, agents, service providers and sub-contractors.
OUR INTERNATIONAL PROCEDURES / OPERATIONS
As your international appointed paymaster, Europlaw Group shall act as an independent and neutral third party at all times.
Our client's dividends and commissions will be securely deposited into Europlaw Group's escrow account, which will be distributed without delay and in exact accordance with the stipulated terms and conditions entered between the client and Europlaw Group. Unlike many other firms, Europlaw Group will also maintain a separate Euro currency account so that you won't be charged any unnecessary currency conversion fees if your dividends and or commissions are received and distributed in Euro currency.
OUR INTERNATIONAL FOOTPRINT AND OFFERING
Europlaw Group could have easily performed such paymaster and escrow services in the Republic of Botswana, Republic of South Africa and the United Kingdom, if it were not for exceedingly complicated exchange control regulations and cumbersome banking procedures to receive and pay-out project-related funds for international projects requiring foreign currencies. For these reasons, Europlaw Group chose to provide a safe, efficient and secure payment system to its international clientele from the Republic of Botswana, Republic of South Africa, Federal Republic of Nigeria and the United Kingdom bases, but with a Mauritius-based foreign currency receipt and settlement platform involving a special trust which it settled in Mauritius called EUROPLAW GROUP TRUST and structured as follows.
• Custodian Trustee
• Managing Trustee
The Trust has established relationships in the Republic of Mauritius, principally with private banks in Mauritius which have an extensive network of correspondent banks and custodians around the world.
PAYMENT PROCESSING FROM A MAURITIUS-BASED PAYMENT PLATFORM
All payment instructions emanate with the written instructions of the Managing Trustee addressed to the Custodian Trustee who then executes the orders after approval by the Protector of the Trust.
CUSTODIAN TRUSTEE (CO-TRUSTEES)
The appointed trustee company is a licensed trust company which is regulated by the Mauritius Financial Services Commission.
MANAGING TRUSTEE (CO-TRUSTEES)
Europlaw Group, Inc. retains its full escrow/fiduciary oversight over the projects and project-related disbursements.
ROLE OF THE ENFORCER OF THE TRUST
In accordance with section 8(2) of the Mauritius Trust Act 2001, a settlor "may also be a trustee, beneficiary, protector or enforcer" in his capacity as a senior partner of Europlaw Group, Inc. and serving as the first Enforcer of the Trust.
In accordance with Section 21 of the Mauritius Trust Act 2001, the Enforcer has the legal responsibility and the capacity to enforce the trust in accordance with its terms and purposes and to appoint a successor.
Section 21(4) further states that an enforcer shall not place himself in a position which may conflict with his duties to enforce the purposes of the trust; derive directly or indirectly any profit by reason of his appointment other than any reasonable fee for his service and for any reasonable expenses which he may have incurred in the discharge of his duties; or enter on his own account into any dealing with the trustee of the purpose trust or in relation to the trust property of the purpose trust of which he is an enforcer.
The enforcer must be provided, in addition with any documents, accounts or other information required under the Declaration of Trust, with the annual audited accounts; copies of the trust instrument setting up the purpose trust and any deed, or documents referred to in the instrument; and legal opinions and advice received by the trustees. The resignation of an enforcer does not release the enforcer from any liability in relation to the trust arising before his resignation.
ROLE OF THE PROTECTOR OF THE TRUST
A structured finance expert serves the function of Protector of the Trust.
In accordance with Section 21 of the Trust Act 2001, the Protector function is to advise the trustee of the Trust, and with such powers as was conferred by the Declaration of Trust. In this case the protector must approve all disbursements the Custodian Trustee makes. The exercise by the trustees of any of their powers and discretions are subject to the prior consent of the Protector.
The Protector in this case may: (a) to remove a trustee and appoint a new or additional trustees; (b) determine the law of which jurisdiction shall be the proper law of the trust; (c) change the forum of administration of the trust; and/or (d) withhold consent from specified actions of the trustees either conditionally or unconditionally.
Frequently Asked Questions About International / Worldwide Escrow Paymaster Services
What is a Paymaster?
When dealing with extreme large amounts of funds and other large commissions, experienced parties place their funds with an independent third-party to ensure that dividends and commissions are safely and securely distributed.
Europlaw Group serves as the neutral third party to receive the international incoming funds into the escrow account and then promptly distributes the funds according to the countersigned Escrow Appointment Agreement entered between both the client and Europlaw Group according to the stipulated terms and conditions.
By using the services of Europlaw Group's paymaster, you will never need to worry about the professional integrity of the payment process or whether or not the funds will be disbursed. Europlaw Group serves as an escrow appointed agent to guarantee the fast and secure payment of your funds.
What compliance documents are needed when funds are distributed by Europlaw
Europlaw will provide a list of required documents to the client once the client entered into an Escrow Agreement with Europlaw.
Need the Client to be present while disbursements are made.
Europlaw can execute and proceed with disbursements without the client's presence.
Can Europlaw Group accept or disburse funds via money orders, checks, bank checks (cheques), or cash?
Europlaw Group cannot receive any disbursements whatsoever. For banking compliance purposes, Europlaw Group will only receive or disburse funds from our escrow account via SWIFT's.
Can the client call Europlaw Group's bank to verify if my deal has funded?
The client is not authorized to contact Europlaw's bank whatsoever. According to the countersigned Escrow Appointment Agreement entered between both the client and Europlaw Group, all trust fund transactions are intended to be confidential. Therefore, none of the bank employees are permitted to discuss any details of the transaction with a client.
When can the Client become a client of EuroplawGroup
At any time when the client need paymaster services of Europlaw Group.
Can the client have Europlaw Group pay several people out of their commission?
The client can provide multiple instructions to Europlaw to pay several natural people or organizations. All that is required for each natural individual or organization receiving funds is to complete a compliance package so that the identity of each recipient may be verified.
Can Europlaw Group attend to any disbursements without any instructions
Europlaw Group can only distribute payments on behalf of the client when the client provided exact written instructions to Europlaw Group.
Does Europlaw Group know any particulars of a transaction, such as when it will close?
Europlaw Group does not have any jurisdiction over such transaction whatsoever. Europlaw Group serves as an independent third party and therefore is not directly involved with the transaction. Europlaw Group typically does not know any details about the underlying transactions.
Can Europlaw offer offshore services to clients
Europlaw specializes in offshore services worldwide. Europlaw can register companies and open bank accounts abroad for all our international clients.
With which Europlaw Group entity can the Client entered into an Escrow Agreement.
The client can either enter into an Escrow Agreement with Europlaw in the Republic of Botswana, Federal Republic of Nigeria, United Kingdom or the Republic of South Africa.
How does the client know they will receive payment?
The client's funds will be transferred via secure SWIFT MT103 bank-to-bank wire transfer directly from our escrow account (or Euro currency account) to their banking coordinates.
Any agents to the transaction complete an Irrevocable Fee Protection Agreement which outlines exactly how much each party will receive as commission and how this will be paid. Europlaw Group will distribute the agent's funds in exact accordance with the percentages outlined in the countersigned Escrow Appointment Agreement, so there will not be any disputes about who should be paid or how much they should be paid.
Does Europlaw Group withhold taxes?
Europlaw Group does not withhold any taxes from your disbursement. Although Europlaw Group is obliged to report the disbursement to the IRS for compliance purposes if you are a "U.S. person", you or your company will be solely responsible for paying any taxes that are due.
Can Europlaw Group offer any other services except Paymaster to the Client
Yes, Europlaw Group can offer various services to the client. Please visit http://europlaw.co.bw/index.php/laywers
Why does the client need to fill out IRS form W-9 (W-8BEN for foreign entities)?
These forms are required of Europlaw Group for international compliance purposes. Regardless of whether we are disbursing funds, Europlaw Group must report all monies received and disbursed through our escrow account. This is to ensure compliance with the Patriot Act and anti-money laundering statutes.
Can Europlaw offer legal and tax advisory services for clients
Europlaw has in-house attorneys, advocates, auditors and accountants that can offer tax and legal advisory services.