KARM Legal Consultants > Abu Dhabi, United Arab Emirates > Firm Profile
KARM Legal Consultants Offices
Al Khatem Tower, Al Falah St
Jazeerat Al Maryah
Abu Dhabi Global Market Square
United Arab Emirates
KARM Legal Consultants > The Legal 500 Rankings
United Arab Emirates > Banking and finance: Financial services regulation Tier 3
KARM Legal Consultants has carved out a niche in the virtual assets space, often acting for start-ups and fintech clients on various issues. Kokila Alagh is skilled at advising overseas corporates on establishing operations in the UAE, guiding these entities through licence applications, contract and document reviewing, and compliance concerns. Akshata Namjoshi has an impressive track record setting up cryptocurrency exchanges and the deployment of public and enterprise blockchain and Soumya George is predominantly focused on regulatory filings.Practice head(s):
Kokila Alagh; Akshata Namjoshi; Soumya George
Testimonials
‘KARM Legal’s team maintain a very close eye on the most recent updates in the regulations, open discussions and public consultations issued by the local regulator. This puts them in a very good position to provide sound and concise advice to their clients.’
‘Very Punctual and clear in their communications’
‘Understanding regulations is the key area for any Legal Consulting Firm. The KARM Team has excellent intellectual capabilities to advise, guide, and suggest the way forward. The communication with the regulators on behalf of the client is praiseworthy.’
‘At the individual level, we found each one of them is competent, conversant, confident, and convincing with the regulatory perspective in UAE.’
Key clients
Dexy
Finflx
BNS
Founders and Co
Edenred
iBnk
Alif Bank
OTC Supply
BPRO
XFlow
Work highlights
- Advised BNS on the end-to-end licensing process, including drafting the required policies and manuals, advising the client on the regulatory framework of CBB and representing the client before the CBB.
- Undertaking the legal feasibility analysis of launching virtual assets products under the laws of the UAE mainland for a leading commercial bank in UAE.
United Arab Emirates > TMT Tier 3
The ‘unique’ TMT practice at KARM Legal Consultants offers a ‘tech-savvy team’ that consider fintech, data protection, AI, blockchain and cryptocurrency-related activities to be core areas of expertise. Managing partner Kokila Alagh is adept at advising clients which deal in highly specialised technology, from blockchain and open banking to innovation in medical and insurance sectors. Associate Akshata Namjoshi is well-versed in the setting up of cryptocurrency exchanges, as well as the deployment of public and enterprise blockchains.Practice head(s):
Kokila Alagh
Testimonials
‘Karm legal practice is unique on many fronts. Tech-savvy team, able to advise on complex business in industries yet to be entirely regulated.’
‘Karm partners and associates are always available at a day notice to discuss any matter. They are able to turn around complex advice & service in record time and top quality. Their advice has protected the business pro-actively on several junctures. When we look back, it does feel like the best partnership we have. ’
‘Responsive and friendly.’
Key clients
Finflx
Distichain
Verofax
Verotrax
GGX (MPL Gaming)
EDao
Maalexi
Faasco
BPRO
Globally United
Work highlights
KARM Legal Consultants > Firm Profile
KARM is a law firm with expertise in virtual assets, fintech, blockchain, financial services, data protection, AI, healthtech, gaming, ESG, and other emerging areas of technology. The firm acts as a facilitator in helping businesses imbibe compliance-by-design into their models by helping them engage with regulators.
KARM works with clients across the full spectrum of law and policy. KARM continues to help them build compliant products, obtain relevant licenses and regulatory approvals, drafting and negotiating agreements with stakeholders. It also helps regulators develop robust, forward-looking legal and policy regimes.
KARM has been leading the way ever since by providing novel legal solutions to clients across the technology spectrum. It remains committed to navigating the complex legal landscape for clients spread across the Middle East & Africa, USA, Southeast Asia, Europe, Korea & Australia markets.
With an all-star team of seasoned professionals, KARM has a unique blend of unparalleled expertise, tech knowledge and extensive commercial experience in its dedicated practice.
-
-
- Combined experience of team – 90+ years
- Knowledge of the unique nuance of GCC region
- Preferred legal partner for Emerging Technologies
- Lawyers with a strong understanding of Global Legal Trends
-
KARM capabilities include:
FinTech: We have been advising leading payment services providers, remittance and exchange houses, wallets, and, in the areas of licensing regimes, facilitating regulatory compliances, representing clients to the relevant bodies, launching financial platforms and drafting of relevant agreements.
Virtual assets: We are servicing multiple clients in the areas of Virtual Asset Exchanges, Tokenization projects, and Blockchain Platforms.
Financial services: We have extensive experience in working on financial services and finance intermediary activities across UAE mainland, ADGM & DIFC.
Gaming: We work closely with gaming products and platforms to navigate between games of skill and games of chance – and the differentiated regulatory approach thereof.
Data protection: We help analyze the legal implications of the personal data protection laws, as well as sectoral data laws for our clients.
Policy and communication: Under this vertical, we advise governments and regulators on one side, and private clients on the other on laws and regulations that are on the anvil.
Corporate/ commercial / structuring / private equity / mergers and acquisition: We are equipped to undertake various corporate and commercial transactions and regularly advice to clients on varied legal requirements.
Healthtech: We have advised entities practicing in the healthcare sector on technology-related legal frameworks related to payments, wallets, credits, intellectual property, and public policy issues.
Environmental, social, and governance (ESG): We help companies assess and manage ESG risks in a variety of ways, from suggesting risk-reducing changes to ESG plans and implementing procedures to help clients manage litigation risk.
Artificial intelligence: We have advised emerging companies to build compliant and responsible products from the beginning. We also help governments design policy frameworks for building responsible AI ecosystems.
KARM has been providing legal solutions to clients in the areas of crypto assets, web3, tokenization, metaverse, blockchain, payments and remittances, gaming, data protection and privacy, artificial intelligence, healthtech, sustainability; along with corporate and commercial law.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Virtual Assets, Web3, Blockchain, Tokenisation, Metaverse | Kokila Alagh | kokila@karmadv.com | +971552000774 |
Fintech, Payments, Gaming | Akshata Namjoshi | akshata@karmadv.com | +971529199295 |
Corporate & Commercial, Financial Services | Soumya George | soumya@karmadv.com | +971504352576 |
Fintech, Gaming, Data Protection, | Ratul Roshan | ratul@karmadv.com | +971553698025 |
Languages
English Hindi ArabicMemberships
Fintech Ambassadors - Arab Monetary Fund Founding Members - MENA Fintech AssociationClient Testimonials
“KARM is an extension of the team. Others are partners, collaborators, providers, or any other appropriate label but when it comes to the Karm team, they are just part of Distichain’s team. We feel like that and work together accordingly…the rest is details”.
“KARM Law Firm provided invaluable advice to guide Xflow through the intricacies of UAE payments regulations. Their team’s comprehensive insights into the legal landscape, empowered us to make informed decisions. We highly recommend KARM for exceptional expertise, timely deliverance, and personalized service. Working with them has been a positive experience, and we trust their ongoing support in navigating the complexities of UAE business regulations.”
“KARM has consistently delivered on their promise of knowledge sharing and managing licensing tasks with diligence. It’s been great engaging with their team because they come across professionals who understand the requirements of the authorities and they further break the requirements into information. This definitely helped us break down complex questions to clear requirements. We have been consuming their services for the past several years and we experience the same level of service and better control on the subject matter. ”
“I am very pleased with the exceptional service provided by KARM in assisting Backpack Exchange. Their expertise, professionalism, and dedication contributed to the success of our journey in Dubai.”
- Banking and finance: Financial services regulation
- TMT