An escrow account is a fiduciary arrangement made under contractual provisions between transacting parties, whereby Axios Law, as independent trusted third party, receives and disburses money and/or documents on behalf of the transacting parties, at the time and upon fulfillment of pre-established conditions.

The primary object of escrow accounts is to reduce the risk of non-compliance of bilateral obligations, as well as to save the client the burdensome and long process of opening a bank account whenever it will only be used for the execution of a specific transaction.

We recommend this service to clients who are carrying out the purchase or sale of real estate, vessels or shares which imply or require one or several remittances of funds in order to complete the transaction.

As Escrow Agent, Axios serves as an unbiased third party unconnected to the guaranteed obligation, that holds the funds or assets under its custody until the conditions established in the principal contract are satisfied.