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Maples and Calder has become the latest offshore firm to open a Singapore office, relocating two partners from Hong Kong for the launch.
Funds partner Nick Harrold and corporate finance partner James Burch will head up the office, which will offer Cayman Islands and British Virgin Islands (BVI) law advice.
Maples joins a growing number of offshore firms in Singapore, with the most recent arrivals being Channel Islands firms Bedell Cristin (25 July 2012) and Collas Crill (26 May 2011). Others already present include Cains, Conyers Dill & Pearman and Walkers.
Singapore is the second Asian office for Maples, which opened in Hong Kong in 1995.
Harrold said opening in Singapore was proof of the firm’s “long-term committment” to the South-East Asia region. He noted there were relatively few firms in the jurisdiction practising BVI and Cayman law.