Italian law firm CBA Studio Legale e Tributario has signed a joint venture agreement with Singhania & Co to advise Italian and Indian companies wishing to operate in both countries. The agreement was signed on 17 March at the Consulate General of Italy in Mumbai, in the presence of Consul General Ugo Ciarlatani.
The joint venture will focus on promoting cross-border M&A, joint ventures and partnerships between Indian and Italian companies.
CBA has 120 professionals in offices in Milan, Rome, Padua, Venice and Munich. This is CBA’s third international tie-up. It also has relationships with Chinese firm De Heng and French firm FIDAL.
Angelo Bonissoni, CBA’s managing partner, said the agreement was part of the firm’s strategy to internationalize its services “with the goal of creating a worldwide network of consultants”. Bonissoni told India Business Law Journal that the link with De Heng was forged in order “to seize new opportunities coming from China’s One Belt One Road master plan”. He said the firm aimed to find and enhance business opportunities arising from China’s investment plan in the ASEAN countries.
“According to this internationalization strategy, India was the next step, because of its strategic and powerful presence in the Silk Road countries,” he said, adding that Singhania & Co was the most suitable partner because it was “proactive”, “business-oriented” and had a “strong relationship with entrepreneurs, institutions and financial bodies”.
Bonissoni said he hoped to capitalize on the Indian government’s push for foreign investment in sectors including defence, construction, retail, banking and manufacturing. “We will work together with Singhania to help Italian companies to find the best conditions to seize the opportunities of such a growing market,” he said.
Singhania & Co managing partner Pradeep Jain said the collaboration would enhance the firm’s current services and offer clients global reach through seamless cross-border partnerships.