Legal Sector

Solutions for legal and accountancy firms

Yatapay offers legal escrow services which provide certainty to legal transactions.

YataPay Secure offers class action lawsuit and settlement appeal escrow solutions for corporate clients.
Escrow accounts

Escrow accounts

Third-party managed accounts

Third-party managed accounts

Litigation

Litigation

Class Actions

Class Actions

Dispute Resolution

Dispute Resolution

Third Party Managed Accounts

Solutions for legal and accountancy firms

Regulatory Requirements

Regulatory Requirements

Outsource Client Account operations. Meet government regulations, reduce risk, improve compliance, reduce costs. Hold assets in escrow in areas such as environmental protection, real estate development, bankruptcy and pension protection.

Litigation

Litigation

Use escrow accounts to demonstrate security for costs, ring fence contested funds pending judgement or provide security for appeals.
An agreement that ends a dispute and results in the voluntary dismissal of any related litigation.

M&A

M&A

Even the most complicated deal can be accommodated within the YataPay online portal.
YataPay Secure escrow can facilitate proof of funds, retentions, deferred payments and the safe keeping of acquisition finance proceeds until completion.

Class Action

YataPay Secure can establish an escrow or “qualified settlement fund” at the conclusion of a class action lawsuit to hold the settlement amount on behalf of the defendants. We work closely with the claims administrator to initiate payments to the class members of the settlement.
Saspik
Saspik

Dispute Resolution Escrow Services

Escrow services can be utilised when a dispute or litigation is settled and one party is required to pay money to the other as part of the settlement. In most cases escrow services are used when settlement monies may be due to be paid from one party to another, however the finalisation of the settlement is still pending.

The settlement monies are paid into the escrow account. The escrow service provider holds the sum of money until the settlement is finalised, and they have been notified of the outcome, usually by means of a court judgement or joint instruction from the parties in dispute after settlement. The escrow services provider will then release the funds to the relevant party.

How it works

YataPay Secure is flexible to allow for any type of payment terms, from pre-determined milestone payments to invoice triggered releases.

Here is a typical workflow: