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Vaish makes Sino-Singaporean best friends

Vaish Associates Advocates has formed a best-friends relationship with Chinese-Singaporean firm Dacheng Central Chambers (DCC).

Vaish partner Vinay Vaish said: "DCC will refer its clients to us for any legal work in India and vice versa, with the understanding that both law firms will be free to decline brief if considered untenable."

"There is a huge potential as anyone would guess," he told Legally India. "A lot of firms are making best friends with law firms across jurisdictions in UK and US. Therefore, we also decided to do so with DCC which is a leading law firm of China."

Vaish added that the firms were open to any kind of work that comes along once the agreement was in full swing.

DCC Singapore-based managing partner Aloysius Wee said: "We will go out and do joint marketing activities in terms of services, as the Indian market is not fully liberalised. We have started conducting training sessions in India and China and primarily we will now be focusing on working together."

"Work that needs to be done out of India or china should be handled by local counsels," he said, adding that Vaish was a "very credible" firm with good reach in India, particularly in the tax and corporate law sphere which would be the main areas of interests for any foreign companies.

Wee said that the firm was already servicing Indian clients out of the Shanghai office that it shares with its local joint venture firm Dacheng. "A lot of the US and UK firms with India practices are based out of Singapore. We feel that to be competitive we actually targeted Indian businesses that are in Shanghai," explained Wee.

"The non-conduciveness of China's current political scenario could be a concern but that's for time to determine," noted Vaish, adding: "Since the investment laws function under automatic route without Government intervention we would not have much to worry."

Singapore firm Central Chambers operates as a joint venture with Chinese firm Dacheng Law Offices, with 14 lawyers based in Singapore. Dacheng has around 600 lawyers in mainland China and another 200 in the Asia Pacific region.

The joint venture between Central Chambers and Dacheng does not involve profit sharing but Central Chambers has lawyers working out of Dacheng's Shanghai offices.

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