Department profile
Karm Legal Consultants

FinTech Legal

FinTech Guide 2026 : United Arab Emirates


Karm Legal Consultants

Rankings

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.

Clients (7)

  • PayMate
  • Paysend FZE
  • Smart Crowd
  • Alif Bank
  • BNS
  • World Mobile
  • Bittrex Crypto Exchange

Industries (7)

  • Payments
  • Remittances
  • Pay-later services
  • Open Banking
  • Crypto Exchanges
  • Crowdfunding platforms
  • Proprietary Trading platforms

Chambers Review

Provided by Chambers

FinTech Legal - United Arab Emirates

Band 3

Band 3


What the Team is Known For

Boutique law firm Karm Legal Consultants has significant expertise in blockchain and cryptocurrency issues and possesses additional strength in data protection. The team advises FinTech startups, blockchain businesses, and established tech and financial services companies on regulatory and transactional mandates.

Work Highlights

Provided by Chambers

  • Karm Legal Consultants acted for Comera Finance, a digital finance platform, on its application for a licence under the Finance Companies Regulation 2023.

Strengths

Provided by Chambers

  • The Karm team display knowledge and understanding of the business and the law. More importantly, they have been able to demonstrate their involvement in similar matters.

    FinTech Legal respondentFinTech
  • We've been very happy with them. They reply fast, and the depth of their analysis is very good.

    FinTech Legal respondentFinTech
  • They are a good group of professionals with good understanding of our requirements.

    FinTech Legal respondentFinTech

Notable Practitioners

Provided by Chambers

  • Band 3Akshata Namjoshi
    Band 3Akshata Namjoshi

    Akshata Namjoshi

    Akshata Namjoshi is an associate partner at Karm Legal Consultants. She counsels a range of clients, from large international banks to emerging FinTechs, on the regulatory implications of UAE expansion, as well as providing corporate and structuring advice.

  • Band 4Kokila Alagh
    Band 4Kokila Alagh

    Kokila Alagh

    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 (2)

United Arab Emirates

Members

Provided by Karm Legal Consultants

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