CAM from India inaugurates operations in the 'Global Hub' Abu Dhabi

By siliconindia  |  Wednesday, 20 March 2024, 11:41:39 AM IST

CAM from India inaugurates operations in the 'Global Hub' Abu Dhabi
Indian law firm Cyril Amarchand Mangaldas has expanded its global footprint by inaugurating its second international office in the Abu Dhabi Global Market (ADGM) international finance centre in the United Arab Emirates (UAE). The move underscores the firm's strategic focus on tapping into burgeoning opportunities in the Middle East.
Led by a team of seasoned professionals, including individuals relocating from India and others already established in the region, CAM Middle East aims to provide expert legal counsel, leveraging its proficiency in Indian law, particularly in commercial and corporate matters as well as arbitration.
CAM's decision to establish a presence in ADGM marks a significant departure from the prevalent trend of Indian law firms predominantly gravitating towards the already saturated legal market in Dubai. This strategic move comes against the backdrop of escalating trade collaboration between India and the UAE, propelled by the Middle East's quest for economic diversification and its growing ties with Asian markets, notably India.
Cyril Shroff, managing partner at CAM, emphasized the substantial prospects presented by the UAE, citing the burgeoning cooperation between the two nations. He underscored the firm's broader strategic vision of global expansion and positioned the UAE as a pivotal hub for international business activities. Shroff expressed CAM's unwavering commitment to the region and its eagerness to foster collaborative ventures.
ADGM, situated across Al Maryah Island and Al Reem Island, serves as the premier international financial nucleus of Abu Dhabi, boasting a diverse array of businesses ranging from sovereign wealth funds to fintech enterprises. CAM's presence in ADGM is poised to catalyze the firm's international growth trajectory, serving as a pivotal gateway to the Middle East region.
In a statement, the firm highlighted the strategic significance of its foray into ADGM, foreseeing it as a catalyst for bolstering CAM's global footprint and positioning the firm as the preferred legal services provider for UAE-based entities seeking Indian law expertise. CAM's expansion into ADGM reflects its unwavering commitment to providing unparalleled legal counsel and underscores its resolve to capitalize on burgeoning opportunities in the Middle East.

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