Glossary entry

Danish term or phrase:

Berigtigende advokat

English translation:

settlement lawyer

Added to glossary by rajagopalan sampatkumar
Apr 24, 2013 17:49
11 yrs ago
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Danish term

Berigtigende advokat

Danish to English Law/Patents Law: Contract(s) Law
Berigtigende advokat er bemyndiget og forpligtet til at udbetale / frigive disse omkostninger, jf. i øvrigt frigivelsesbestemmelserne

In this case - an attorney who takes care of the proceeds/purchase amount from a sale of real estate until the deed is issued
Change log

Apr 26, 2013 14:36: rajagopalan sampatkumar Created KOG entry

Proposed translations

10 hrs
Selected

settlement lawyer

Settlement lawyer in a property transaction, is involved in drafting of the Conveyance in accordance with the agreement concluded between the vendor and the purchaser as well as of a Money Purchase Mortgage, stamping and application for registration of Conveyance and Mortgage, preparation of Completion Statement, assumption fire insurance policy and any mortgage debt remaining outstanding. (Gyldendals Dansk Engelsk Juridisk Ordbog, 2. Udgave, Copenhagen, 2006)
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21 hrs

lawyer acting as stakeholder (at conveyancing completion)

Conveyancer in the UK inlcudes a Lawyer/solicitor as well as a Licensed Conveyancer as a non-lawyer.

(BE) stakeholder/(AE) escrow-holder holds money for one or both sides. Escrow in BE is documents and deeds only.





Example sentence:

Whether a solicitor can charge for acting as a stakeholder will depend upon the circumstances

Once the negotiations are complete, and with your input, your solicitor will negotiate a completion date with the seller\'s conveyancing solicitor.

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