WHAT ARE ESCROW ACCOUNTS UNDER UAE LAW? A COMPREHENSIVE GUIDE
Escrow accounts are pivotal in UAE financial transactions, promoting security and trust between parties. This guide offers a thorough overview of how escrow accounts function under UAE law, detailing their purpose, legal framework, benefits, and key considerations. What is an Escrow Account? An escrow account is a financial setup in which a third party, called the escrow agent, holds and manages the funds involved in a transaction between two...