A blocked bank account is a useful tool in certain situations. These include acquiring companies, buying or selling aircraft, yachts, real estate, commodities and heavy equipment and also when executing construction projects.
We at Luxury Services provide escrow third-party business services in most areas. Our aim is to obtain a successful transaction that is viable and reasonable to all parties.
Escrow accounts can help secure acquisitions. Buyers want cash collateral secureness to cover the sellers’ liabilities. The sellers look for payment guarantees and the need to know that the purchase price is secure now and for the future. Escrow secures the payment duty of the buyer and non-performance of the seller.