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Norton Rose Fulbright
Department profile | Norton Rose Fulbright
Financial Services: Regulatory

Chambers Review

Provided by Chambers

Financial Services: Regulatory - United Arab Emirates

Spotlight

What the Team is Known For

Norton Rose Fulbright maintains a respected financial regulatory department which handles a wide range of work across various sectors. It typically acts for banks and other financial institutions, assisting with digital payment mandates, licensing and market entry matters. It has considerable experience acting for cryptocurrency exchanges on the requirements for their establishment in the DIFC under the current VARA regime.

Work Highlights

  • Norton Rose Fulbright advised blockchain-based payment services provider Ripple on obtaining a licence from the Dubai Financial Services Authority to operate within the DIFC.

Strengths

Provided by Chambers

The firm has a good understanding of our business needs, a pragmatic approach to potential issues and good responsiveness.

Financial Services: Regulatory respondent
Global

The firm has very helpful insights into how the regulator is currently approaching topics, the level of scrutiny and their strategy.

Financial Services: Regulatory respondent
Global

Norton Rose Fulbright's knowledge of the local market and licensing regulations, as well as its good relationships with the relevant regulators, really sets them apart.

Financial Services: Regulatory respondent
Global

The firm has a panel of very senior specialists covering varying subjects, and thus it is very well placed to handle complex and sophisticated matters.

Financial Services: Regulatory respondent
Global

NRF's depth of knowledge in UAE regulatory frameworks - including of the VARA and DFSA regimes - is matched by its ability to translate legal complexities into practical business solutions.

Financial Services: Regulatory respondent
Global

Notable Practitioners

Provided by Chambers

1
Matthew Shanahan
1
Band 1

Matthew Shanahan has considerable financial services know-how, drawing on his experience as a former in-house lawyer at financial regulatory bodies both in the UK and in Dubai. His broader regulatory practice is complemented by his representation of financial services clients in investigation proceedings.

Matthew Shanahan is a go-to person in the DIFC for complex regulatory matters. He is easily accessible and endeavours to support even on short notice.

He is reliable and knowledgeable, with excellent industry insight.

Matthew Shanahan knows his way around the regulators in Dubai and Abu Dhabi. He's a star performer in my mind.

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Ranked Lawyers at
Norton Rose Fulbright

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United Arab Emirates

Financial Services: Regulatory
1
Matthew Shanahan
1
Band 1
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