An escrow account holds funds with a neutral third party until agreed conditions are met, and in the UAE it is mandatory for off-plan property sales, not just an optional safeguard for cautious buyers. Key Takeaways An escrow account is not the same as a regular bank account. A licensed escrow agent holds the funds […]
A shareholders agreement sets out how a UAE company is actually run day to day, filling in the practical detail that a Memorandum of Association deliberately leaves out. Key Takeaways An MOA and a shareholders agreement are not the same document. The MOA is the statutory constitution filed with the authority; the shareholders agreement is […]
