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IFLRev identifies and discusses the most interesting deals of 1996. By Paul Lee, Richard Forster, Alexandra Lennane and Samantha Wigham

Geoffrey Yeowart of Lovell White Durrant, London, answers some of the most frequently asked legal questions relating to the forthcoming introduction of the euro

New Zealand is about to undergo its most significant securities law reform in over a decade. Lloyd Kavanagh and Gregg Dell of Russell McVeagh McKenzie Bartleet & Co, Wellington, discuss the changes

Transnational Tort Litigation

Belgian firm Liedekerke Wolters Waelbroeck & Kirkpatrick, France's Siméon & Associés and Wessing Berenberg-Gossler Zimmerman Lange of Germany have entered into a cooperation agreement. The firms will establish a European Economic Interest Grouping, called the Conference of European Lawyers. This will form the basis of future cooperation in all fields of law.

Jeremy Xiao, who in August became the first Chinese citizen to qualify as a Hong Kong solicitor, will become a partner in the Hong Kong office of UK firm Herbert Smith.

US firm Rogers & Wells has lost the head and 12 other members of its Latin American group, which specializes in cross-border work and project finance. The head of the group, Roberto Dañino, together with two other partners, Paul Dwyer and Jorge Alers, have left the firm for rival Wilmer, Cutler & Pickering in Washington DC. Dañino is a Peruvian lawyer and former general counsel of the Inter-American Investment Corporation. "We think that the market ahead of us is going to be dependent on DC-based mutilateral organizations such as OPIC and Eximbank and we had to be based in the headquarters of a top firm in the city," says Dañino.

The US$150 million financing has been agreed for Termovalle I, a 200Mw gas-fired power project located near Cali, Colombia. The project was developed by a consortium consisting of KMR Power Corporation of the US and Marubeni Corporation of Japan.

Elizabeth Wall, group director of legal services at Cable & Wireless, London, talks to Diana Bentley

On July 25 1996 the Bank of Italy introduced a number of amendments to the Regulations enacted on May 20 1994 to implement Law No. 86/1994 on real estate closed investment funds.