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Banking & Finance

Our CMNO Banking & Finance practice can help you navigate every aspect of your proposed lending, borrowing and other financing requirements. Our team based in Dubai has particular expertise in Islamic finance, project finance, leveraged finance, asset finance, trade finance, corporate finance, debt capital markets, insurance and funds and combine their technical knowledge with a regional commercial awareness which has been built up over the significant number of years that they have been working in the UAE. Our clients range from domestic and major global corporates, funds and other financial institutions and advisors active in the Middle East as well as those based in Asia, Europe and the Americas.

A key area of focus for our UAE Banking & Finance practice is Islamic Finance. Our Islamic Finance practice helps clients globally successfully manage the challenges of structuring, documenting and completing transactions in accordance with Shariah principles. There are specific challenges to consider when documenting Shariah compliant transactions including allocating legal, commercial and Shariah risks between parties and ensuring that transactions, products and services which purport to be Shariah compliant do not breach any Shariah prohibitions. Our Islamic Finance practice can guide you through these challenges whether you are an existing participant in the world of Islamic Finance or a new entrant.

Today’s banking and finance transactions require expertise across a wide range of sectors. Our driver is to provide clients with pragmatic advice delivered by a multi-disciplinary team. Whether you are a lender, borrower, sponsor, insolvency practitioner or debt advisor, our priority is resolving your challenges by delivering a combination of local and international expertise.

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Islamic Finance
Newcomers to Islamic Finance and existing participants alike face a whole host of challenges that they must successfully navigate to structure, docume
07/12/2023
COP28: how the law can unite, act and deliver the UN SDGs
The law, and the work of lawyers, should enable countries, communities and companies to deliver the changes needed to achieve the UN SDGs and the Paris Agreement. As COP28 urges us to unite, act and deliver, Advocates for International Development (A

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29/12/2023
Tackling the misuse of crypto-assets for ML-TF purposes
As a constantly evolving sector, the crypto-assets ecosystem presents continuous challenges, particularly in terms of money laundering and terrorist financing (ML-TF) risks.To tackle the misuse of crypto-assets...
15/11/2023
NFTs under MiCAR – are they regulated or not?
The Markets in Crypto-Assets Regulation (MiCAR) sets down a harmonised regulatory framework for crypto-assets. MiCAR's overarching goal is to extend regulatory oversight to those categories of cryptos...
19/10/2023
Safeguarding the digital vault: custody and administration of crypto-assets...
With the rise of cryptocurrencies and blockchain technology, European regulators have recognised the need to establish a comprehensive framework to ensure the sector's integrity, transparency and the...
03/10/2023
VARA issues further rules governing staking and stablecoin regulation in...
Dubai’s Virtual Assets Regulatory Authority (“VARA”) has recently introduced two significant updates to its virtual assets regulatory framework, which is relevant for all entities providing services...
03/10/2023
VARA issues further rules governing staking and stablecoin regulation in...
Dubai’s Virtual Assets Regulatory Authority (“VARA”) has recently introduced two significant updates to its virtual assets regulatory framework, which is relevant for all entities providing services...
19/09/2023
Trading of crypto-assets in detail
The Markets in Crypto-Assets Regulation (MiCAR) sets down a harmonised regulatory framework for service providers known as crypto-asset service providers (CASPs), which carry out activities with crypto-assets...
05/07/2023
How to use E-money tokens in the EEA
The Markets in Crypto-assets Regulation (MiCAR) covers electronic money or e-money tokens, a crypto-asset that purports to maintain a stable value by referring to the value of a fiat currency that is...
26/06/2023
Overview of the competent authorities under MICAR
Building on the CMS series of articles “Legal experts on Markets in Crypto-Assets (MiCA) regulation”, this new article describes the powers of the competent authorities of EU member states, the European...
23/06/2023
The ESG journey in the United Arab Emirates
With the UAE due to host the 28th session of the United Nations Conference of the Parties (“COP”) in November this year (COP 28),[1] there has perhaps never been a greater spotlight on, or opportunity...
21/06/2023
The ESG journey in the United Arab Emirates
With the UAE due to host the 28th session of the United Nations Conference of the Parties (“COP”) in November this year (COP 28),[1] there has perhaps never been a greater spotlight on, or opportunity...
20/06/2023
ARTs in detail
EU regulation MICAR now regulates asset-referenced tokens1. DEFIN­I­TION OF ARTSMiCAR defines Asset-referenced tokens (ARTs) as a type of crypto-asset that is not an electronic money token and that purports...
19/06/2023
What’s new in the UAE Virtual Asset Space - Regulatory Updates
On 31 May , the CBUAE issued  “Guidance for Licensed Financial Institutions on Risks related to Virtual Assets and Virtual Asset Service Providers” (“CBUAE VA  Guidance”) which is due to come...