FinTech Legal
FinTech Guide 2024 : United Arab Emirates
Band 4
About
Provided by Karm Legal Consultants
Type of work handled:
We have undertaken legal Advisory & structuring, contract drafting, regulatory framework drafting for various startups, well-established companies and government bodies
Our lawyers help clients – including government bodies, as well as startups and established companies in navigating complexities of regulations for retail payments, pay-later services, crypto-exchanges, remittances, trading platforms.
Categories of clients:
· Governments & Central Banks
· Digital Banking Platforms
· Digital Investment Platforms
· Payment Service Providers
· Payment Gateway & Foreign Remittance Service Providers
· Digital Open Banking Providers
· P2P Platforms
· National Commercial Banks
· NFT Marketplace Platforms
· Blockchain-based B2B e-commerce Platforms
· Crypto Exchanges
· Cross-Asset Trading Platforms
· OTC Digital Assets & Securities Platforms
· Crowdfunding Platforms
· Consortium/Enterprise Blockchains
Specialisations:
KARM has been providing legal solutions to clients in the areas of Virtual Assets, Web3, Tokenization, Metaverse, Consortium/ Enterprise Blockchains, Payment Gateways, Data Exchanges, Gaming, Fintech, Data Protection and Privacy, Artificial Intelligence, HealthTech, Sustainability; along with Corporate & Commercial Laws.
Chambers Review
Boutique law firm Karm has significant expertise in blockchain and cryptocurrency issues, and possesses additional strength in data protection. The team advises FinTech start-ups, blockchain businesses and established tech and financial services companies on regulatory and transactional mandates.
Work Highlights
- Karm advised Telr, a payments services provider with operations throughout the Middle East, on its application for a payments services provider licence under the Retail Payment Services and Card Schemes Regulations.
Strengths
Provided by Chambers
"The team was able to understand our needs and identify our questions accurately and answered our questions with high quality. They were very well informed on the matters pertaining to our business activities."
"They are responsive, reliable and they understand our aims and the overall landscape."
"The team was able to understand our needs and identify our questions accurately and answered our questions with high quality. They were very well informed on the matters pertaining to our business activities."
"They are responsive, reliable and they understand our aims and the overall landscape."
Notable Practitioners
Kokila Alagh is the founder and managing partner of Karm. She is an experienced corporate, commercial and technology lawyer with considerable expertise in blockchain, crypto and crowdfunding.
Ranked Individuals at
Karm Legal Consultants
United Arab Emirates
Members
Provided by Karm Legal Consultants
Clients
Provided by Karm Legal Consultants
Alif Bank
BNS
Bittrex Crypto Exchange
PayMate
Paysend FZE
Smart Crowd
World Mobile
Industries
Provided by Karm Legal Consultants
Crowdfunding platforms
Crypto Exchanges
Open Banking
Pay-later services
Payments
Proprietary Trading platforms
Remittances