I’d like to welcome you to our weekly series that introduces a key player from the industry every weekend.
Let’s dive into the world of Ms. Aviya Arika who is an Offshore Specialist at Tal Ron, Drihem & Co., Law Firm.
If you want to be a part of our new series, feel free to contact me directly.
Enjoy the new addition to Finance Magnates and don’t forget to leave a comment after the article (best if you create a Finance Magnates account and upload a picture, so we can see who is leaving a comment).
Who are you and what do you do?
My name is Ms. Aviya Arika, an Offshore Specialist at Tal Ron, Drihem & Co.’s headquarters in Tel Aviv. Born and raised in Petah-Tikva (near Tel Aviv), I am an animal rights activist and extreme sports enthusiast.
I always knew that my calling in life was to be a gaming lawyer. Before joining my current firm, I discovered a new fascination through friends who studied with me- the forex and binary options industry. It was then clear to me what I was going to pursue in my legal career, and luckily I managed to enter the flagship law firm of the industry.
What do you do as an Offshore Specialist?
Among other things, my job involves establishing both offshore and onshore companies through our licensed offices in various locations worldwide, according to our clients’ needs. We establish and administer over 1500 companies in locations such as Cyprus, Malta, the UK, the Netherlands, Luxembourg, Gibraltar, Curacao, Belize, Anguilla, Dominica, BVI, the Marshall Islands, UAE and many more- the Offshore Department in our firm is unbelievably diverse and never gets dull.
My aim is to maintain fruitful cooperative relationships with renowned banks worldwide in order to supply our clients with the best and widest possible array of top-tier banking solutions for their operations. In order to achieve this aim, I consult clients on choosing the most appropriate banks for their requirements, and then introduce them to a wide range of commercial banks in various locations, including Liechtenstein, the Netherlands, Austria, Latvia, UAE, Dubai, Hong Kong- the list goes on.
We also establish connections with payment gateways and PSPs, providing detailed legal opinions for publicly listed companies regarding the legality of marketing activities in certain countries.
Regulation is also a major part of my work. I work closely with different gaming and financial regulators to promote the regulation process for our clients in the fastest, most professional manner possible- and this is just the tip of the iceberg.
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What is your day comprised of?
I’m usually up with the birds at 6:00 am, starting my day with an hour long TRX workout or Pilates session at a gym adjacent to our law firm in the bustling center of Tel Aviv – it gets my blood flowing and my brain going. Then I have my morning coffee while reading the latest forex and i-gaming newsletters that I’m subscribed to- and Israeli financial newspapers too- in order to stay informed of what’s going on in both the local economic environment and in the industry worldwide.
I arrive at the office at 8:30, jumping straight into exciting work meetings with clients.
This morning, for example, we met with a new client from the real estate financing industry who has decided to get into the forex industry, and sat with our chairman Tal I. Ron and three members of our corporate team – Liat Naim, Yael Sion and Maayan M. Dana- who advised him on the best way to enter the market and to structure his operation.
Later on, we met with a B2B gaming client who needed our assistance with relocating the shareholder of a company to Panama.
Between meetings, I tend to my ongoing work and get in touch with our partners in the various banks, PSP’s and regulation authorities. A few minutes ago I received an update from one of the HSBC branches we work with, that the primary capital for starting an account will be reduced from 0.5m$ to 0.2m$, and updated our interested clients with this information.
Following this, Sharon Shalem and I held a conference call with a US lawyer regarding the lawsuit of an Introducing Broker that we represent. The next stop was the desk of Yael Sion (ex-gaming giant 888) to discuss the gaming regulation process that we are managing for one of our clients through our office in Malta.
And at the end of the day, I’ll be working on the content for a lecture that I’m giving in Russia.
How is what you do part of the trading process? Why do traders need what you do?
We are a B2B legal services provider so we don’t work directly with traders. We are the lawyers of over 140 companies in the trading and online financial industries, as well as many others in the Ad-Tech, Fin-Tech and Hi-Tech industries. The services we provide are essential for forex and binary options entrepreneurs, company owners and managers, and affiliates and suppliers to those industries, who will always have the need for professionally drafted contracts, offshore professionals, and seasoned litigators.
What do you love about your work?
This is a special industry and a unique field of expertise to work in. In our firm we coined the term ‘Financial Entertainment’ for this industry – i-gaming, financial technology and online trading – and this phrase perfectly encompasses the uniqueness of it. Unlike other financial
industries, here there is so much diversity and color, such rapid development, that it’s really unbelievable. The clients are inspiring in their vision and motivation, the need and room for creativity are insatiable- the industry is always changing and evolving and so are we.
Who do you admire?
I admire Angela Merkel for being a truly pragmatic visionary, for being such an influential woman, and such an admirable leader.
What is the quintessential experience of working in the trading industry?
Yesterday we went to a business event at the Dizzy Frishdon bar in the bustling heart of the city, and today we had lunch with clients at the Toto café, where many local FX veterans like to meet- our industry is proof that you are at work not only when you’re at your desk, but everywhere and all the time- while enjoying it!
Please share an anecdote with us that could only happen in our industry.
Only in our industry can a client come to his first meeting at our office with nothing but a dream and 20 thousand dollars in his budget, and less than a year later be represented by Adv. Sharon Shalem from our firm in the purchase of a dreamy apartment in a luxury complex which he bought with the proceeds of his new online venture.
What advice would you like to share here that has been proven right or important to you?
A few years ago I watched a speech that the late Steve Jobs held at Stanford University. While telling his truly inspiring life story, he said something that I carry with me to this day. He said, you’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.