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Vasily Averin is a co-founder of MAST Legal and is based in Abu Dhabi, U.A.E.


He is a dual-qualified legal professional (U.S. and Russia) with 20 years of experience in corporate advisory and financial law, with a particular focus on venture capital and emerging technologies.


Before establishing his private practice with Anton Mogilevskiy, Vasily held senior roles at leading institutions. He worked as an associate at Allen & Overy, served as Associate Director at UBS Investment Bank, and acted as General Counsel for corporate venture capital funds at Sberbank and the Safmar Group.

Experience

  • Legal counsel to tech companies within the Hub71 ecosystem (an Abu Dhabi-based accelerator backed by Mubadala), including:

    • Blusink – advised on the sale of the company by its founders to MediSun Corporation.

    • Inovat – advised on a cooperation agreement with a key institutional client and Series Seed financing negotiations.

    • TAG Fintech – provided litigation support in a dispute with an investor.

  • Adviser to The Catalyst accelerator (a joint initiative by BP and Masdar City), in connection with investments in sustainability and clean energy startups.

  • Counsel to Gabriel, an ad-tech company, on its joint venture with Aleria (a subsidiary of International Holding Company).

  • Ongoing advisory work across the fields of AI, gaming, and digital assets, including:

    • Forty Two – a blockchain solutions provider, on securing investment from a leading Korean investor.

    • Credits – a neobank focused on crypto payments, on investment by a major Cypriot payment processing company.

    • InvestBrains – an AI development holding, on business launch, IP protection, and joint venture structuring.

    • Megamod - a gaming development company, on fundraising from a group of global investors.

Vasily also serves as a legal mentor for CyberE71, an initiative launched by the UAE Cybersecurity Council, and is a mentor and expert panel member at Ignyte, a Government of Dubai platform supporting SME growth.

Achievements

  • LL.M degree from Columbia Law School

  • Admitted to practice in the courts of the state of New York (USA).

  • Fluent in French and has a good command of German and Italian and a basic understanding of Japanese.

Co-Founder, Partner at MAST Legal

Vasily Averin

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