Chambers Review
Provided by Chambers
FinTech Legal - United Arab Emirates
What the Team is Known For
Norton Rose Fulbright has expertise in financial services regulation, digital assets matters, payments services and other FinTech businesses regarding regulatory licensing and compliance, as well as transactional matters. Its team has particular strength in acting for cryptocurrency platforms, projects and exchanges as well as acting for neobanks, venture capital and private equity funds investing in FinTech.
Strengths
They have a good knowledge of crypto regulations in the Middle East and Dubai particularly. Their experience with licensing was really good, and they know what does and doesn’t work with regulators.
The team are able to understand highly complex payments structures; they understand the market and nuances in the regulatory regime.
Norton Rose Fulbright has been outstanding in supporting us in regulatory and commercial matters related to digital assets and crypto.
Work Highlights
Norton Rose Fulbright advised Bybit on its setting-up of a cryptocurrency exchange in Dubai under the VARA regime.
Notable practitioners
Matthew Shanahan has a solid reputation as a regulatory lawyer in the UAE FinTech market. He advises clients looking to expand their business services into the UAE on regulatory issues and licensing.
He has been really approachable. When we need licensing advice, he can provide the letter of the law and how that works in practice in the UAE. He's happy to get stuck in and challenge where needed.