Banks & Financial Institutions

Our team routinely advises the management and shareholders of banks and financial institutions in relation to their day-to-day activities, including compliance, regulatory and anti-money laundering issues. Our team’s experience also includes acquisitions and mergers of banks and financial institutions.

Sample of our team’s experience:

• Advised financial and banking institutions on a variety of regulatory matters, as well as on setting up and/or initiating activities in KSA

• Advised financial and banking institutions on the procurement of required licenses and permits to operate in KSA

• Advised a company that develops mobile payment solutions on the development of its products and all intellectual property matters relating thereto. Advised as to all legal and regulatory matters, as well as drafted all relevant agreements

• Advised a bank in the acquisition of its stake in a company that provides mobile payment solutions, including tap-to-pay mobile payment solutions. Conducted a legal and regulatory due diligence of the system. Advised the bank as to the regulatory and legal implications of the system’s adoption, including interbank links. Also advised the bank relating to the terms and conditions of its mobile payments

• Advised a bank in the acquisition of a stake in a payment cards and ATM solutions provider. Conducted the legal and regulatory due diligence relating to the acquisition. Also advised the bank as to the legal and regulatory aspects relating to the integration of the systems and solutions

• Represented investors on the setup and management of a number of investment funds

• Represented a bank in the creation of a financial institution that acted as a “Bad Bank” to carry the bank’s non-recoverable debts

• Represented banks in litigations and disputes relating to debt recovery, bankruptcy, and breach of contract by clients

*Work not necessarily done by the team at our Firm