Escrow is a rare and little-known service in Japan. Escrow is the practice of entrusting a sum of money, important document or item, etc., for safekeeping until certain contractual conditions are met. This service is commonly provided by banks and law firms in other jurisdictions outside of Japan.
Langley Esquire has rich experience dealing with all aspects of servicing proper escrow on behalf of clients, and in managing the relationship between parties.
This is not a simple matter because there is a certain level of risk involved in entrustment & release of the escrow corpus. Beyond this, it goes without saying that this specialized service is out of consideration for any but long-established clients and only following appropriate due diligence.
If you are contemplating a situation where escrow is used to guarantee your counterpart’s performance, contact Langley Esquire. The escrow process may take several days or weeks, so getting started early may make the difference between success and failure.