Juris Corp is assisting Mashreq (the “Bank”) in the process of setting up a branch in Gujarat International Finance Tec-City (“GIFT City”) by advising on legal and regulatory requirement. Earlier this week, it became the first UAE-based bank to achieve this milestone by receiving an in-principle approval from the International Financial Services Centres Authority (“IFSCA”) to establish an International Banking Unit (IBU) for GIFT City.
The Bank’s upcoming GIFT City branch will offer wholesale banking services – including foreign currency lending, trade finance, treasury, and risk management solutions – supporting cross-border trade and investment with seamless, future-forward financial services.
Mashreq is the first UAE-based bank to receive an in-principle approval to establish an International Banking Unit (IBU) for GIFT City. In this venture Juris Corp is providing end-to-end legal and regulatory advice to the Bank. The legal advice includes advising on different applicable Indian laws and regulations including guidelines and regulation from the IFSCA.
The transaction team included Partner Saurabh Sharma, Senior Associate Dhwani Bansdawala, Associates Shreyansh Sethi, Kejal Soni and Yashassvi Periwal
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