Comparative Guide
TMT
United Arab Emirates
Kokila Alagh & Akshata Namjoshi
KARM Legal Consultants is equipped to advise financial services entities throughout the entire life cycle of their business in the UAE. Kokila Alagh is adept at handling a variety of DFSA mandates while Akshata Namjoshi repeatedly excels in licensing matters. Arjun Uppal, a June 2025 arrival, is noted for his capabilities in regulatory assessments and data protection support. Alongside Carolina Rios and March 2025 arrival Ankit Thakur, they form the practice leadership team.
Legal 500 Editorial commentary
Key clients
- Comera Pay LLC
- Photon Dance Holdings Limited
- Trustin Limited
- DLocal group
- Capital.com
- Century Private Wealth Limited (DIFC)
- PorterPays Limited
- ACM Limited
- IDA Finance Hong Kong Limited
- Greenback Capital (Greenback)
- Unique Ventures Limited (DIFC)
Work highlights
Advised Comera Pay LLC from the initial stages of engagement through to securing a full Stored Value Facilities (SVF) and Retail Payment Services and Card Schemes (RPSCS) license from the Central Bank of the UAE.
Advising Photon Dance Holdings Limited on the establishment of its DIFC-based entity, PhotonPay DIFC, and its end-to-end licensing process with the Dubai Financial Services Authority (DFSA) for a Category 3D license.
Acted as legal counsel to Century in connection with the structuring and documentation of a private investment fund offering. The team advised on the preparation of the Private Placement Memorandum (PPM) for the offering of fund units, ensuring full compliance with regulatory requirements and investor disclosure standards.
Practice head
Kokila Alagh; Akshata Namjoshi; Carolina Rios; Ankit Thakur; Arjun Uppal