Third party funds

 

The lawyers who have their practice under the name Hofwijck advocaten each have an agreement with the foundation ‘Foundation Third Party Funds Hofwijck advocaten’. This foundation administers amounts which are received and/or paid for or on behalf of clients in the context of the lawyer’s practice on temporary basis. The foundation has its seat in The Hague, The Netherlands, and it is listed in the Commercial Register of the Chamber of Commerce under number 27275142. No interest will be paid on any amounts on the third party funds-account. The reason is that the foundation does not receive interest from the bank.