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The Firms are Capitalizing on Booming Canada-India Business Relations. The Agreement Positions Both Firms as Early Movers to Facilitate Transcontinental Business Opportunities

VANCOUVER, B.C. – June 14, 2023 Segev LLP and Singhania & Co. (“S&Co.”) are pleased to announce that the firms have entered into a Memoranda of Understanding establishing a transcontinental relationship between their home locales of Canada and India, respectively, and governing the delivery of legal services and opportunities to collaborate on corporate development between the two jurisdictions. Under the agreement, each firm shall support the other in its respective local market to maximize business opportunities for international clients.

Segev LLP’s collaboration with S&Co. will give its clients and network access to one of the pre-eminent full service law firms in India. Established in 1969, S&Co. has multiple offices in key Indian markets, as well as international offices in London and Dubai. The firm has a celebrated legacy in advising multinational companies, including a number of Fortune 100 and Fortune 500 companies. The firm’s highly regarded lawyers are recognized for their expertise in arbitration and litigation, tax advisory, corporate and regulatory advisory, mergers and acquisitions, corporate law, insolvency and bankruptcy, competition law, media and entertainment law, intellectual property and for providing strategic counsel to tech startups. S&Co. also advises on foreign collaborations, technology transfers, inbound and outbound investments and all matters pertaining to commercial laws and doing business in India generally. The firm maintains a robust gaming and betting and interactive entertainment practice.

“India boasts the world’s fifth-largest global economy, while simultaneously maintaining its position as one of the fastest-growing. This growth is fueled by its dynamic and young population, with an impressive 65% of its citizens under the age of 35,” noted Ron Segev, Segev LLP’s Founding Partner. “We are excited to collaborate with Singhania & Co. to provide its clients with expert legal counsel and to maximize opportunities for our clients in this exciting market.”

The agreement positions both firms among early movers seeking to help clients capitalize on the boundless opportunities that come with doing business between the transcontinental commerce hubs of North America and India, which is poised to become the most populous nation in the world this year.

Indian foreign direct investment into North America, particularly Canada and the United States, has been steadily increasing with Canada being a sought-after destination for Indian companies across sectors like IT, telecommunications, energy, manufacturing, and pharmaceuticals. Canadian capital markets, including the TSX and TSXV, have seen a significant influx of Indian companies listing their securities, providing them access to public markets and opportunities for expansion. Leveraging Canada’s business-friendly environment and strong financial infrastructure, Indian companies are also accessing other North American opportunities and using it as a gateway to tap into the larger North American market, given its stable economy and regulations.

“India tops the immigration list in Canada almost every year. There is so much business and cultural exchange between both the nations and Canada is a focus jurisdiction for us. We could not have imagined a better partner for this bold initiative than Segev LLP – with its strong physical footprint across North America, a continuously growing stable of extraordinary legal talent and palpable sense of the opportunity and forward momentum,” added Rohit Jain, Managing Partner of Singhania & Co. “Our now collective client base will be immensely well-served with our distinguished firms anchoring their transcontinental presence.”

Should you require support on your matter, we would be happy to hear from you. Please do not hesitate to contact us at 1-800-604-1312 or via email at or by visiting our Vancouver offices at The King George Building – 6th Floor, 905 West Pender Street – Vancouver, B.C. V6C 1L6..