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A blocked bank account is a useful tool in buying or selling yachts.
We at Laurus Solutions provide escrow third-party business services in most areas. Our aim is to obtain a successful undertaking that is viable and reasonable to all parties.
Escrow accounts can help secure acquisitions. Buyers want cash collateral secureness to cover the sellers’ liabilities. The sellers look for payment guarantees and the need to know that the purchase price is secure now and for the future. Escrow secures the payment duty of the buyer and non-performance of the seller.