Civil Law Notaries act as escrow agents to safely deliver money or documents and to take care that the legal consequences stipulated in the escrow agreement are fulfilled.
The Notartreuhandbank (NTB) is a specialised bank or the administration and safekeeping of escrow money. The shareholders of the Notartreuhandbank AG Unicredit Bank Austria AG and Raiffeisen Zentralbank AG, two of Austria’s three largest banks guarantee the deposits held with NTB.
The Austrian Civil Law Notaries created a unique and special register (the “notarielle Treuhandregister (THR)”. for the handling of escrow agreements, so that these can be processed to the benefit of our clients without delay.