Our years servicing the banking sector have provided us with a systemic understanding of the banking and finance sectors; their needs and concerns; as well as those of their clients. Coupled with our team’s relentless drive for growth and keeping up with the latest developments in our areas of practice, we have been on the frontline of the provision of technical, modern and innovative legal services to our clients; including in the development of operational frameworks for FinTech services.

Sample of our experience:

• Led the development of the legal framework of an e-banking system which allows higher security in transactions by check without breaching the Lebanese banking secrecy regulations. Advised as to all legal and regulatory matters; including as to interbank links; as well as drafted all agreements necessary for the system; such as licensing agreements, sub-licensing agreements and service level agreements; in addition to agreements with banks and suppliers;

• 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;

• Advised a bank in regards to the drafting of its terms and conditions; including for mobile payments.