UAE Trends and Developments
Trends and Developments Contributed by: Kokila Alagh and Akshata Namjoshi Karm Legal Consultants Karm Legal Consultants was launched at the Global Legal Forum on 23 August 2018 at the Peace Palace, The Hague – a mecca for the global legal community. Specialising in emerg - ing technologies, KARM collaborates with cli - ents across the full spectrum of law and policy, focusing on structuring, licensing and regulatory aspects. The firm acts as a facilitator, assisting clients with incorporating compliance by design
into their models. The team aids a diverse range of clients – including government bodies, start- ups and established companies – in navigating regulatory complexities related to virtual assets licensing, digital platforms, crypto exchange, open banking, retail payments, pay-later ser - vices, remittances and payment gateways. Ad - ditionally, it assists regulators in developing ro - bust, forward-looking legal and policy regimes.
Authors
Kokila Alagh is a leading technology and corporate lawyer in the Middle East, and has nearly two decades of experience. She is recognised as a thought leader in high-risk
Akshata Namjoshi is an associate partner at KARM Legal Consultants. She brings a decade of regulatory experience in banking and finance, with seven years in the UAE. She
tech sectors such as virtual assets, Web3, gaming and AI. Kokila’s unique blend of legal expertise and entrepreneurial spirit has positioned KARM Legal Consultants as a top firm in emerging tech law. She holds key roles in the MENA Fintech Association, the Arab Monetary Fund Fintech Working Group, and the Dubai Digital Asset Association. Her excellence has been acknowledged by Chambers and Partners, other legal directories and various industry awards.
leads KARM’s fintech, payments and gaming sectors, and advises on structuring, licensing and compliance. Akshata has been instrumental in drafting open banking regulations and has received recognition from leading legal directories.
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