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How to Search Nominee Agreement

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Louisa Turner, a corporate lawyer based in Jakarta, addresses the topic of nominee agreements in Indonesia. She emphasizes not to use nominee agreements and clarifies that she is not dictating choices but merely sharing observations. The video invites viewer participation through comments and questions. Louisa highlights that nominee agreements are currently a controversial subject and expresses curiosity about the audience's understanding of the topic. She aims to explore the implications of nominee agreements while encouraging an open discussion.

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What is the disadvantage of nominee shareholder?

A disadvantage of nominee shareholders is that it involves time and cost to register and maintain details. For the company and the government, it is often difficult to identify the beneficial owner of the shares to be held personally liable for benefits attached to the shares.

How does a nominee company work?

What is a nominee company? A nominee is a company that is nominated to hold assets on behalf of another entity. In early stage investing, the nominees role is to hold shares in a company on behalf of the underlying investors in the business.

What does nominee mean in agreement?

nominee. n. 1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to anothers rights under a contract.

Who are the parties to a nominee agreement?

An Assignment and Nominee agreement has two parties, the Trustee and the Trustor (also known as the Grantor or Settlor). The Trustee is the person in charge of the trust assets. The Trustor is the person who sets up the trust. Sometimes they are the same person.

How does a nominee agreement work?

A nominee agreement allows one party (the principal) to grant a mandate to another party (the nominee) to act on its behalf.

Is a nominee agreement legal?

In real estate matters, the nominee agreement may actually transfer legal ownership of a property to another person. The agreement also states what can be done with the property, and how benefits and responsibilities of that property ownership are to be handled.

What powers does a nominee shareholder have?

What is the functionality of a nominee shareholder? A nominee shareholder has no specific functionality. The only function that he or she or that entity would perform is that its name will appear on the public list of shareholders.

What is a nominee agreement?

What is a Nominee Agreement? A nominee agreement is an agreement where one person agrees to act on behalf of another person in certain legal matters. A nominee agreement is like a power of attorney but may be broader in scope.

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