Norton Rose Fulbright‘s team has ’profound experience in regulatory affairs and a knowledge of best practices and regulatory expectations’. The team covers traditional financial services, fintech and cryptocurrency mandates, and the group also assists financial institutions with compliance and regulatory regimes, and acts for corporates on investigations and allegations by regulatory bodies. Matthew Shanahan brings in-house regulatory expertise to bear on a number of complex instructions for domestic and international clients. Counsel Andre Abou Aad handles a range of financial regulatory issues. Junior associate Hasanali Pirbhai is a strong supporting presence on a number of matters, and counsel Karl Masi joined the team in early 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Extensive experience with regulatory frameworks in the Dubai International Financial Centre.’

  • ‘Profound experience in regulatory affairs, knowledge of best practices and regulatory expectations, solution-oriented by focussing on the best risk-sensitive outcome for the client, in consideration of the specific circumstances and characteristics of the client.’

  • ‘Matthew Shanahan has in depth understanding of the banking industry and is responsive in providing advice.’

  • ‘Matthew Shanahan's advice is comprehensive, practical, straightforward. The memo prepared by Matt and his team was user friendly and praised by our business and operational teams.'

  • ‘The team remains extremely reachable. They have been prompt and constructive in the advice provided throughout our engagement with the firm.'

  • ‘Pragmatic and reasonable in their approach with dealing with advice. Very prompt in responding and reachable. Open to constructive challenge’.

  • ‘Highly professional and responsive. Practical knowledge of the industry and highly qualitative outputs.’

  • ‘Matthew Shanahan is a highly skilled ex regulator with a high level of expertise. Hasanali Pirbhai is an excellent performer, responsive, and possessing great regulatory knowledge.'

Key clients

  • UBS
  • IG Limited
  • RJ O’Brien
  • Goldman Sachs
  • CME Group
  • LSEG
  • First Global Capital Limited
  • Bybit
  • Chimera Investment

Work highlights

  • Advised OKX on its market entry into Dubai.
  • Advising Bybit on its successful application for a Minimum Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA) and its ongoing application for the Full Market Product (FMP) licence.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Matthew Shanahan

Other key lawyers

Andre Abou Aad, Hasanali Pirbhai, Karl Masi