Isle of Man: Cains To Open In Singapore
Last Updated: 20 November 2007

Cains, a leading Isle of Man commercial law firm, has confirmed its intention to open an Asia-Pacific regional office in Singapore by July 2008.

The new office will provide Cains with the opportunity to advise existing clients from an office within the region, whilst providing a physical base and presence for further international business development. The office will be headed by Mike Edwards, a director of Cains based currently in the Isle of Man, who will be joined by a team of experienced corporate lawyers.

Cains is already established in Asia as a leading offshore legal adviser with particular expertise in asset finance transactions and capital markets work. The firm has been particularly successful in advising Asian companies and investment funds on flotations on numerous exchanges, including the main board of the Singapore Stock Exchange. In addition, the firm is recognised internationally for the strength of its finance practice and has been at the forefront of the Isle of Man’s emergence as a leading centre in the space industry.

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. The Isle of Man is a pre-eminent jurisdiction for corporate structuring and, with its AAA rating and zero rate of corporation tax, it is one of the most attractive propositions in the offshore world. We have been successful in building our international practice as a result of working in partnership with our clients and their other professional advisers. Our work with clients in Asia, particularly in India, has seen the business case for us to have an on-the-ground presence gather strength and momentum."

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."

For more information, please contact:
Mike Edwards, Cains
mike.edwards@cains.com
+44 1624 638300

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