Cyril Amarchand Mangaldas has hired Desai & Diwanji Mumbai partner Ketaki Gor Mehta as a partner in its new office in the Gandhinagar-based office in the Gujarat International Finance Tec-City (GIFT), which it had announced in early May 2021 (alongside IC Universal Legal also opening in the city).
India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is set to open an office in the Gujarat International Finance Tec-City (GIFT City).
The office which has been approved by the International Financial Services Centre, aims to assist companies navigate the legal and regulatory framework of the GIFT City .
In February, CAM announced the launch of a representative office in Singapore, its first overseas presence.
The GIFT City office will be led by managing partner Cyril Shroff, along with partners L. Viswanathan and Paridhi Adani.
GIFT City, which is located in the western state of Gujarat, is emerging as a preferred destination for financial services and IT/ITes companies.
Mumbai (Maharashtra)/ Ahmedabad (Gujarat) [India], May 3 (ANI/NewsVoir): India s leading law firm, Cyril Amarchand Mangaldas (CAM) announced today the opening of its new office in Gujarat International Finance Tec-City (GIFT City), approved by International Financial Services Centre (IFSC) in Gandhinagar, Gujarat.
CAM has already received necessary approvals to open an office from the GIFT City authorities.
GIFT City is fast emerging as a preferred destination for Financial Services and IT/ITes companies for setting up their operations here. With proactive rules, competitive tax regime and a simple legal system, GIFT City would be able to attract foreign investors and substantial offshore business.
Law firms are getting interested in the gifts of the GIFT (photo via GIFT)
IC Universal Legal last week opened an office in the
Gujarat International Finance Tec-City (GIFT), with
Cyril Amarchand Mangaldas, hot-on-its-heels, announcing today that it had also done so.
The two law firms’ moves follow a new February 2021 regulatory regime in the GIFT special economic zone (SEZ) announced last month. J Sagar Associates (JSA) after having been first to open in the GIFT in 2017, had not renewed its licence during the pandemic.
IC Universal wrote in a statement last week: “The firm has opened its branch office in GIFT IFSC and has become the first law firm to receive the regulatory authorisation from International Financial Services Centres Authority (IFSCA) to provide legal, regulatory and compliance services from IFSCs.”