Cains Gains Queen’s Award For Enterprise: International Trade
21st April 2009
The Queen’s Award for Enterprise in the International Trade category has been conferred on Cains, the Isle of Man-based commercial law firm. The Award is the highest honour which can be bestowed on a British business, made by the Queen on the advice of the UK Prime Minister.
The Award, announced today to coincide with the Queen’s personal birthday, sees Cains receive recognition for its demonstrable success in growing its overseas earnings through expansion in its international business, doubling these during the last six years.
Cains’ strategy, focused on global commerce, has seen the Firm enjoy success in advising companies and investment funds from BRIC economies and other emerging markets seeking capital and listings in the world’s major financial markets, as well as associated merger and acquisition and corporate related work. To facilitate this business, Cains opened a London office and has worked closely with City-based advisers to provide integrated legal services to international businesses.
Cains’ advisory work to support global corporates and its extensive efforts to attract such business to the Isle of Man has also made a key contribution in helping to establish the island as a leading international finance centre. The Firm has built key areas of expertise including the provision of advice for some of the world’s leading satellite operators and launch companies. July 2008 also saw the opening of a Cains office in Singapore to serve clients with interests in the Asia-Pacific region.
Andrew Corlett, Managing Director, Cains, said: “The Queen’s Award recognises the contribution we have made in recent years both to international trade and, indirectly, to the Isle of Man’s development as an international finance centre.
“Our strategy of attracting business into international capital markets from emerging economies has helped us successfully create a global client base which is constantly expanding and developing.
Andrew Corlett continued: “We focus on recruiting and retaining high calibre lawyers with experience of dealing with international finance centres and the linguistic skills that align with the needs of our client base. This has ensured we remain equipped to respond to the changing demands of the global marketplace.
“We also believe that our business strategy has served to further enhance the worldwide reputation of the Isle of Man, where we have practised law for more than a century, among the global financial community.”
The Queen’s Award will be officially presented to Cains later this year by the Queen's representative. Cains was previously named ‘offshore law firm of the year’ at Legal Week’s 2007 British Legal Awards and The Lawyer Awards 2008. The Firm is also the Isle of Man member of Lex Mundi, the world’s leading association of international law firms. |
