Commercial Escrow Service
Our Commercial Escrow Service eliminates risk for both parties
to a commercial transaction by ensuring that conditions
precedent are carried out prior to an exchange. Escrow
provides a method of transferring funds, goods, documents and
other instruments of value, via
our licensed trust company, to two or more principals in
accordance with specific instructions and conditions as set out
by them.
This service is particularly important for independent parties
who want to transact commercial business together but are not
sure of their respective business practices and cultural
background.
Trust Law in Malta
The introduction of trusts into Maltese law has presented the
availability of a number of security-related solutions in both
commercial and non-commercial contexts, introducing greater
flexibility for the holding and enforcement of security
arrangements, which are no longer limited to the traditional
real or personal forms of security listed in the Civil Code but
extend to arrangements which operate as security under the
fiduciary rule of the trustee, including the trustee being the
creditor himself, as would be the case in finance syndicates
with the appointment of a security trustee.
Escrow under Maltese Law
These same legal developments have provided the framework for
authorised trustees to act as escrow agents, instructed by the
relevant parties to a transaction, to handle property in
accordance with specific instructions.
Claris Trustees & Fiduciaries
Ltd acts as escrow agent in a
number of commercial transactions, including transfers of
trademarks and patents, transfers of internet domain names,
financing and security transactions and equity purchase and sale
transactions.
Our escrow services include:
-
acting as security trustee;
-
trust services in connection with investment transactions;
-
acting as escrow agent in the context of various commercial
transactions;
-
holding, administration and safe-keeping of documents and
financial and non-financial assets
-
holding of shares on a fiduciary basis
.
