When undertaking a transaction such as the merger or acquisition of a business, the buying or selling of products and services, complete peace of mind is highly coveted, especially when transacting cross-border. This is where an escrow agreement can help.

What are escrow services and how are they used?

Escrow introduces an independent party – the escrow agent – to the transaction that holds the asset(s) and distributes in accordance with the terms stipulated in the signed agreement.

Escrow agreements between parties undertaking a transaction helps mitigate financial risk and concern whereby money, securities, funds and other assets can be held independently.

An escrow account is frequently used for cross-border transactions where there is a concern over the governing law of the transaction. The escrow agreement can be used to re-position the governing law into a country with a reputation for higher standards of regulation and a robust legal and judicial framework.

Escrow agreements are commonplace among financial transactions taking place for:

• • Real estate – high-value rental, development or repurchasing of property
  • Mergers and acquisitions and substantial share purchase
  • Procurement of high-value assets, such as aircraft’s or vessels
  • Valuable auctions items – online or physical
  • Intellectual property purchase – such as design, software, employment
  • Legal – judgments for disbursements, land claims
  • Project management
  • Charities

Why Acumen?

Choosing Acumen’s escrow services provides several advantages:

Expertise: Being a provider of financial services, we posses a team of accomplished individuals with extensive marketplace experience, enabling our clients to concentrate on their strategic day-to-day activities.

Flexibility: We provide broad and tailor-made solutions to meet our client’s requirements.

Independence: Acumen is not associated with any Financial, Law, or Tax companies. Our independence ensures we continually place the interest of our clients and foremost without any conflicts.

Acumen is not a bank, but we have strong relationships with Financial Institutions and can either make an introduction, or work with your preferred bank in support of your escrow requirements.