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Requirements:

1. Issue Digital Real Asset Tokens to Shareholders as part of their Investment Plan

2. One token would equate to one share

3. The client wanted this for 10 properties managed by 10 separate entities

4. Everything would have to be incorporated into the Memorandum and Articles of Association of the Company

5. An Investment Term Sheet would have to be drafted detailing all the terms, conditions, and issuance of digital tokens instead of shares.

Solution

1. BSW’s in-house Team of Lawyers and a Legal Team from the Cayman Islands sat down with the client to understand their challenges and how this could be implemented. The Cayman Islands option proved to be quite expensive.

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Client

The client is a prominent businessman who won a lawsuit settlement in UAE. However, under the terms of the settlement, the sum could only be paid to the company's corporate account. The client also stated that he would lose 6 percent in conversion charges as the payment would be in AED.

Requirements:

1. Client needed to avoid losing 6 percent in charges as the settlement was in millions.

2. Client had to setup a private limited company in the UAE. However, UAE Mainland and Freezones only have Limited Liability Companies

3. Offshore Companies are private limited companies, but directors are required to be residents of the UAE to open bank accounts in the country. The client was a UAE National