Escrow Accounts in Thailand
Escrow Accounts in Thailand. The concept of escrow accounts is rooted in the legal tradition of risk mitigation through third-party custodianship. In Thailand, escrow is formalized and governed by the Escrow Act B.E. 2551 (2008), which introduced a statutory framework for licensed escrow services. This development was in response to longstanding deficiencies in transactional security—especially […]