Cyril Amarchand Mangaldas (CAM) announced on March 20, 2024 the establishment of its presence in Abu Dhabi Global Market (ADGM), the United Arab Emirates (UAE).
“Our establishment of presence in the UAE is a part of the Firm’s larger strategic view of global practice and the UAE as a thriving hub for global business. It also shows our commitment to the region and its prospects for collaboration. The UAE, and Abu Dhabi specifically, is a key focus for us with immense potential and growth opportunities, particularly in view of the increasing co-operation between India and the UAE,” said Cyril Shroff, CAM Managing Partner.
Arvind Ramamurthy, Chief of Market Development at ADGM, added, “We extend our congratulations to Cyril Amarchand Mangaldas on receiving their commercial licence, and welcome them into ADGM’s vibrant community. ADGM has consistently led in fostering a comprehensive ecosystem, boasting several prestigious law firms and consultancies from across the world within its international financial centre.”
“As a leading law firm in India, CAM’s global reputation, expertise and commitment to excellence will contribute to ADGM’s ecosystem by further enhancing the depth and breadth of legal services available within the UAE and beyond,” Ramamurthy further said.
ADGM is the international financial centre of the UAE’s capital city, Abu Dhabi. Located across Al Maryah Island and Al Reem Island, it is one of the largest financial districts in the world with a diverse range of businesses, from sovereign wealth funds, financial institutions, asset management, fintech, corporations and professional services firms.
Establishment of a presence in ADGM will give further impetus to CAM’s international presence and will be a stepping-stone for CAM in the Middle East region. Increasing investment and expansion of presence of UAE-based entities in India will make CAM their go to legal service provider for Indian law advice.
CAM Middle East will have its office premises at Al Sila Tower, ADGM Square, Al Maryah Island, Abu Dhabi, the UAE. It will be led by a team of senior professionals, including some who are in the process of relocating from India and others who are based in the region already. CAM will now have six offices in India and three international offices in IFSC (GIFT City), in Singapore and now in ADGM.