Escrow Arrangements

Escrow agency services are often required in a variety of corporate transactions and actions such as mergers and acquisitions, performance or indemnity deposits, deferred fees from joint ventures etc. Increasingly clients require escrow agents who are independent in that they don’t provide other services, such as banking, investment or legal advisory, to the escrow parties.

Key advantages of using Dominion as independent escrow agent

  • We only use a regulated entity to be appointed as the escrow agent
  • We provide the escrow parties and their legal advisors with a template escrow agreement
  • We open the escrow bank account with one of our panel banks or a bank of our clients’ choice and we negotiate preferential rates on bank deposits
  • We ensure that the requirements for the releases of the escrow amounts are met in compliance with the escrow agreement
  • We provide day-to-day administration contact and support to the escrow parties throughout the duration of the escrow arrangement

Key highlights

  • Fast completion of due diligence on escrow parties
  • Ability to operate the escrow account in major currencies
  • Ability to carry out escrow appointment in respect of other asset types
  • Regular reconciliation of escrow holdings and reporting to escrow parties
  • Ability to secure interest on escrow deposits