BARCO for international clients
Working directly with English barristers has never been
BARCO has produced a guidance
leaflet for international clients which provides the necessary
information about the service. Many of the key points are
summarised below and the leaflet is available to download here.
BARCO supporting English barristers
It is now easier than ever before to work with English
A brand new escrow service, BARCO, will
facilitate the financial relationship between barristers and their
clients. This means that clients can access the full range of the
Bar's high quality and cost-effective services supported by a
secure and modern vehicle for managing the payment of fees,
litigation costs and disbursements.
English law and English barristers
English law provides an independent, first-class legal system
which international businesses, commercial parties and states will
often choose to resolve their disputes.
English barristers can offer clients unrivalled expertise in
international dispute resolution.
Legal services that BARCO supports
English litigation is adversarial in nature. Parties must
present their evidence and arguments well ahead of the trial which
enables each side to expose the other's weaknesses. As a result, a
commercially sensible compromise of the dispute is often
London offers experienced specialist arbitrators from a variety
of disciplines. English courts support arbitration by ordering the
preservation of documents and compelling witnesses to give
evidence, as well as by granting injunctions to assist in the
enforcement of future or existing awards.
Mediation offers and excellent, flexible and economical means of
dispute resolution. England is now host to hundreds of mediators
who are experienced in all types of domestic and international
How does BARCO work for International
BARCO works with Currencies Direct
to enable international clients to pay into BARCO in their
own currency. Currencies Direct converts the client's local
currency into GBP at prevailing exchange rates and uses this
payment directly to fund the specified BARCO account.
BARCO has procedures and controls in place which are designed to
forestall and prevent money laundering. Further information can be
found in the Guidance leaflet available to download
Bar Services Company Limited, trading as
BARCO, is registered with the Financial Services Authority (FSA) in
the United Kingdom (Firm Reference Number [FRN]: 589580) to carry
on payment services activities under the Payment Services
Regulations 2009 (PSRs). It is also registered with HM Revenue and
Customs under the Money Laundering Regulations (MLR), MLR
Registration Number: 12697968.