LINDEMANNLAW offers escrow strictly limited to lawyer-specific situations as an integral part of our legal and tax advice for transactions.
Please note that due to the heavily regulated nature of escrow services our minimum fee for escrow is CHF 15’000.
What is an “escrow”?
As a trusted, independent and reliable third party, the Swiss law firm may temporarily hold funds and/or assets for two other parties during a escrow transaction.
Examples:
✓ The sale of a company is planned, the seller wants to be sure that he will receive the money and the buyer that he will receive the shares.
✓ The parties have agreed on the sale of a property abroad, they want to be sure that the transition is orderly and that the money is paid.
✓ Assets can be anything, including contracts, documents, warranty claims, pictures, yachts, software.
✓ The law firm will only pay the money when the conditions agreed by the parties are met.
✓ The law firm acts as an escrow agent and usually selects a bank to handle the payment.
✓ The advantage of choosing a Swiss law firm is that the attorney-client confidentiality of the transaction is maintained and therefore all the high standard due diligence and money laundering checks take place within the law firm and do not require the involvement of the bank.
Why choose LINDEMANNLAW as an escrow agent?
✓ We provide holistic legal advice, including tax advice when acting as an escrow agent.
✓ We specialize in drafting and preparing customized escrow agreements, taking into account the individual needs and conditions of the parties.
✓ We offer expert advice on the investment of escrow assets.
✓ As an independent Swiss law firm, we adhere strictly to the terms of the escrow agreement and provide impartial and reliable services.
✓ We diligently monitor the terms and conditions throughout the duration of the escrow agreement, ensuring all parties comply with the agreed-upon terms.
✓ We work with first-class banks in Switzerland, Liechtenstein and Luxembourg, but we are also flexible in accepting additional institutions of the parties’ choice.
✓ We provide transparent and timely information.
✓ We can keep contracts, data carriers and other physical objects or recommend a custodian – e.g. for works of art.
