Escrow Group Hong Kong | Services Hong Kong
Escrow Group
Services in Hong Kong
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Escrow Group Services in Hong Kong
•An escrow account is an instrument that facilitates financial security, when carrying
out a transaction between a buyer and seller. The purpose of an escrow account is
to ensure fulfillment of seller's and buyer's mutual engagements, acting as the
guarantor for the fulfillment of the contractual obligations.
•An escrow account is suitable for a wide range of agreements concerned with real
estate and any other asset deals, including trade deals, sale-purchase of enterprises
and the transfer of shares.
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Escrow Group Services in Hong Kong
•Clients assets are held in an escrow account of conditional deposition, i.e. an
account where pledged funds are kept blocked until execution of the predetermined,
definite contractual conditions.
Here at Escrow Group we predominantly provide the following types of escrow
services:
Contract Escrow
The deed/title to an asset or assets is held in escrow until the terms of the contract
have been fully satisfied.
- Contract payments can, but are not required to, be deposited to the escrow agency.
The escrow agent then releases the funds to the seller once they have provided
accurate bookkeeping records relevant to the transaction.
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Escrow Group Services in Hong Kong
-If a default occurs, we then notify the applicable parties in order to resolve the
matter as outlined in the escrow agreement.
Retainage Escrow
- Funds required to be held as retainage, between a contractor and an owner are
held in a money market fund for safeguarding.
-When the project has been satisfactorily completed, the owner then authorises the
release of the retainage funds plus any accrued interest on the investment of the
monies to the contractor.
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Escrow Group Services in Hong Kong
Escrow Group also provides bespoke escrow solutions for the following:
• Mergers & Acquisitions
• Earn-out provisions
• Golden handcuff provisions
• Good faith deposit provisions
• Holdback provisions
• Indemnification provisions
• Purchase price distributions
• Purchase price adjustments
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Escrow Group Services in Hong Kong
• Domain name escrows
• Environmental escrows
• Litigation settlement escrows
• Reinsurance trust escrows
• Reorganization & liquidation escrows
• Safekeeping of intellectual property
• Private placement stock offerings
https://escrow-group.com/services.php
Visit us: https://escrow-group.com/services.php
Phone: +85230188991
Fax: +85230061443
Thank you
https://escrow-group.com/services.php
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