Global Corporate Services also specialise in arranging escrows and acting as escrow agents to secure financial obligations arising from acquisitions, cross-border trading transactions and international projects.
Unlike many other companies, we provide safeguards by ensuring that all escrow agreements impose the duties of a legal trustee on the escrow agent. Typically, we require the following instructions:
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Copies of the agreement;
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Expected start and end dates for the escrow;
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Amount of money and documents to be deposited;
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How the escrow holder/escrow agent is to receive and hold the money;
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Conditions to end the escrow and
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Authorization for the escrow agent to disburse funds.