UK law firm Cains to focus on Indian market, to open office in Singapore

November 20th, 2007 - 2:42 pm ICT by admin  

Mumbai, Nov.20 (ANI): Cains, a leading Isle of Man commercial law firm, today confirmed its intention to open an Asia-Pacific regional office in Singapore by July 2008.
Cains, a specialist offshore law firm, has rapidly expanding knowledge of the Asian market due to their established client network within India. Over the past 18 months Cains has worked closely with London and Indian-based advisors to help Indian companies and investment funds secure AIM flotations.
Prominent recent examples of Indian companies routed through the Isle of Man include real estate fund Unitech Corporate Parks plc, an energy producer KSK Power Ventur plc, and film company Eros International. Other sectors in which Cains have advised upon flotations include biodiesel, leisure, mining and oil and gas.
Earlier this year, Mike Edwards, a director of Cains, visited India in order to meet with local Indian companies as well as strategic partners to promote the advantages of incorporation in the Isle of Man.
The new office base in Singapore will provide Cains with the opportunity to advise existing clients from an office within the Asian region, whilst providing a physical base and presence for further international business development. The office will be headed by Mike Edwards, currently in the Isle of Man, who will be joined by a team of experienced corporate lawyers.
Andrew Corlett, Cains managing director, said: We see the opening of an office in Asia as the logical next step in the evolution of the firm. Our work with clients in India has provided us with the expertise to advise companies in the Asian market regarding the advantages of listing Isle of Man companies on stock exchanges around the globe. Through our Asian office, we hope to further strengthen our association with the Indian market and continue to promote the Isle of Man-route as one of the most effective means for raising money within a tax-efficient structure.
Mike Edwards said: Singapore is establishing itself as Asia’s financial hub and a gateway to emerging global markets including India and China. We intend to position our business at the heart of a region which has already established itself as a global economic superpower. We hope that the services which we will offer will help to raise even further the attractiveness of Singapore as a focal point for international business and we look forward to working in a collaborative manner with the business community and government agencies.”
Cains is the leading Isle of Man law firm and it advises clients in the fields of international financial services, e-business, space and satellite, shipping and capital markets. The firm acts for a broad range of clients including multi-national corporations, regulatory bodies and family offices. Cains also has a strong track record of working in partnership with international law firms to effect cross-border transactions for clients, including market listings.
Cains is the exclusive Isle of Man Member of Lex Mundi, the world’s leading association of international law firms.
This month has also seen the Firm short-listed in the offshore firm of the year category by the judges of Legal Weeks 2007 British Legal Awards. (ANI)

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