Like other international law firms, Clifford Chance is prevented by Indian regulations from having a practice on the ground in India and to advise on Indian law, but the firm has an Indian group with over 195 members spread among 16 offices in 12 countries and works closely with a number of leading Indian law firms to provide its clients with the best possible advice. According to a press release issued Friday, the establishment of a dedicated India team in one place is a logical development after the firm has advised Indian and foreign companies and lenders on a wide range of work involving India for over 50 years.
"Much of our experience has been gained by a core team of partners and associates specialising in India work who have built up a deep knowledge of the country's legal and business environment,ö says Bradley in a written comment. ôSingapore was the natural home for our new unit, as it boasts a growing concentration of India-focused companies and banking units, already well aware of our firm's capabilities.ö
That said, Clifford Chance expects to relocate the team to Mumbai when the local regulations change.
The team will offer a combination of experience and understanding of Indian companies, securities and capital markets, and international execution standards. It will also provide clients with access to the firm's wider expertise in India-related M&A, finance and dispute resolution.
Bradley, who is a senior capital markets and corporate partner with more than 15 years experience in India work, will relocate from London to Singapore in January to take up his new position.
Rahul Guptan, an Indian capital markets partner who joined Clifford Chance in mid-August from Amarchand & Mangaldas & Suresh A. Shroff & Co, and US-qualified counsel Chris Holland will also be part of the new team. Guptan is already based in Singapore, while Holland will relocate from Hong Kong.
Clifford Chance has more than 350 lawyers in Asia, which according to its own admission makes it one of the largest international law firms in the region. Its global capital markets practice comprises over 422 partners and lawyers who concentrate on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres.