At Alfi Legal we understand the dynamic and rapidly evolving world of financial technology, FinTech. Our FinTech practice is designed to help FinTech companies and startups solve the legal challenges, whether in licensing or compliance, and seize available opportunities in this innovative sector. We provide comprehensive legal support to FinTech startups, structure their business entities, draft their policies and procedures and connect them with the right people in the FinTech and financial sector. We established financial institutions and tech companies venturing into financial services. Here’s how we can assist:

Regulatory Compliance

Achieving compliance with laws and regulations in the FinTech industry. With the fast pace of technological advancement, laws and regulations are constantly changing. We help you stay ahead by:

• Advising on local, regional and international regulations affecting your FinTech operations, and shape a structure that accommodates the international practice of compliance.
• Obtaining and procuring licenses, along with completing registration processes.
• Ensuring compliance with data protection and privacy laws.
• Guiding you through anti-money laundering (AML) and know-your-customer (KYC) requirements.

Corporate Governance and Structuring

A solid corporate structure and governance framework are essential for any FinTech company. We provide expert advice on:

• Choosing the right business entity, whether it’s a corporation, LLC, or partnership.
• Drafting and reviewing bylaws, operating agreements, and other governance documents.
• Setting up effective board structures and governance practices.
• Advising on equity distribution, shareholder agreements, and other corporate matters.

Contracts and Agreements

Clear and well-drafted contracts are vital for protecting your interests and ensuring smooth business operations. We help with:

• Drafting and negotiating a wide range of contracts, including service agreements, partnership agreements, and terms of service.
• Reviewing existing contracts to ensure they meet legal requirements and best practices.
• Advising on contract disputes and providing strategies for resolution.

Intellectual Property Protection

In the FinTech industry, your intellectual property (IP) is one of your most valuable assets. We offer comprehensive IP services, including:

• Advising on patent, trademark, and copyright protection for your innovations.
• Assisting with IP registrations and filings.
• Conducting IP audits and managing IP portfolios.
• Defending your IP rights through litigation or alternative dispute resolution.

Data Security and Privacy

Data security and privacy are critical concerns for FinTech companies. We help you safeguard sensitive information and comply with relevant laws by:

• Advising on best practices for data security and privacy.
• Drafting and reviewing privacy policies and data protection agreements.
• Ensuring compliance with regulations like GDPR, CCPA, and other data protection laws.
• Responding to data breaches and advising on mitigation strategies.

Fundraising and Investment

Securing funding is a key challenge for many FinTech startups. We support you through the fundraising process by:

• Advising on different funding options, including venture capital, private equity, and crowdfunding.
• Drafting and negotiating investment agreements.
• Ensuring compliance with securities laws and regulations.
• Assisting with due diligence processes.

Litigation and Dispute Resolution

Legal disputes can arise in any business. We help you navigate these challenges by:

• Representing you in court or arbitration proceedings.
• Advising on dispute resolution strategies to achieve the best possible outcome.
• Handling regulatory investigations and enforcement actions.

At Alfi Legal, we are committed to providing practical and effective legal solutions tailored to the unique needs of the FinTech industry. Whether you are a startup looking to launch a new product, an established company seeking to expand, or a financial institution navigating regulatory challenges, we are here to support you every step of the way.

Credentials:

• Forming numerous fin-techs & startups, along with advising them on structuring and licensing.
• Drafting the first Sharia-compliant employee stock option plan in Saudi Arabia.
• Drafting term sheets & investment agreements for transactions that amount to more than 700 million in value.
• Advising a leading international financial institution on its securities dealing activities in KSA.
• Advising a leading Cooperative Insurance on its acquisition of a financing Company.
• Advising a prominent investment bank on the set up of REITs amounting to SR. 1 Billion in value.
• Establishing Investment Funds in the amount of more than SR. 2 billion in capital.
• Drafting major investment laws, such as the Investment Funds Regulation, the Insolvency Law, the Corporate Governance Regulation and the new Commpanies Law.
• Drafting the rules & procedures of Tadawul, including the Trading Rules and Listing Rules.
• Representing the government of Saudi Arabia in its privatization contract of the Real Estate Registry with the Public Investment Fund.
• Consulting leading real estate developers on their landmark projects in KSA and Dubai.
• Settling constructional disputes related to the Riyadh-Metro project in client’s favor.
• Litigating a landmark case regarding the managers’ liability of a listed company for the delisting of the company’s shares from Tadawul exchange market.

Certifications:

• Capital Market Dealing Expertise.
• Compliance and Anti Money Laundry Management
• Financial Derivatives and Structured Finance
• Corporate Governance Expertise
• Data Privacy and governance