US law firm Squire Patton Boggs (SPB) is launching a new sale & purchase (S&P) transaction-closing service with the support of London's Baltic Exchange.
SPB’s 30-strong commodities and shipping group, co-chaired by Chris Swart and Barry Stimpson, will work worldwide, underpinned by the exchange’s independent Singapore-based escrow operation.
The Baltic’s escrow service was set up in October 2018 and was intended to hold deposits for ship sale transactions.
