iOWN Group has joined hands with Karm Legal Consultants (KARM), a UAE-based legal consultancy firm focusing on corporate, commercial and technology law to provide end-to-end legal counsel for the company. We believe that KARM is a great fit for iOWN Group as it is one of the early legal firm adopters of tech and digital entities in the region. KARM is currently working closely with iOWN team to submit the application for ADGM to obtain the operational license of the platform and they also started to collect the requirments of different international jurisdiction to facilitate iOWN operations expansion plans. At a press conference held in Malta, KARM founder Kokila Alagh stated that “the UAE is investing heavily in next generation technology and building an advanced infrastructure that draws on digital technology. With the advances achieved by the UAE in the tech field, there is considerable demand for legal consultancy in the domain – especially in new generation sectors such as e-commerce, fintech, blockchain and AI – which calls for specialized skills. We are honored to contribute to the nation’s advanced tech field, we are confident of providing our clients with cutting edge counsel in all areas – particularly in tech-related issues,” said Ms. Alagh.
KARM has been with iOWN Group since the beginning of the implementation, when the concept was all just an idea- they facilitated the process for us to obtain two licenses in Cayman Islands – iOWN Group LTD, a holding company which owns the group of companies, and iOWN the utility token issuer.