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In the first survey to consider the Medium-Term Note (MTN) market for law firms, IFLRev has identified the leading firms in establishing new programmes and in making drawdowns. The same three names keep coming up. By Richard Forster and Samantha Wigham

Canada's Stikeman, Elliott opened an office in Sydney on February 4. Sydney is the firm's 14th office, and the ninth outside Canada. The office will be staffed by Roy Randall, Brian Hansen and Elizabeth Turner.

The Danish rules on insider trading are contained in the Securities Trading Act (STA) of December 20 1995 which entered into force on May 1 1996 and are basically the same as the rules contained in the earlier Securities Market Act, which implemented Directive 89/592 of November 13 1989 coordinating regulations on insider dealing. The Directive is a Minimum Directive and the provisions of the STA are more stringent than those laid down by the Directive.

UK firm Lovell White Durrant's Paris office has gained a partner and two senior associates, and expects to announce two further appointments soon. At the same time, it loses a lawyer to rival Norton Rose. Lovell White partner Milan Chromocek moves from Prague to boost the intellectual property practice in Paris. Philippe Thomas, senior associate at local firm JC Goldsmith, becomes senior associate at Lovell White. He specializes in commercial law. Serge Cohen joins from US firm Cleary, Gottlieb, Steen & Hamilton in Paris, where he was a senior associate specializing in mergers and acquisitions.

Competition is intensifying in the emerging markets of south-east Asia. Law firms are working hard to keep up with the growth and development of the economies. Paul Lee reports

"The accountants have lost the first round," says Dolph Stuyling de Lange, general secretary of Dutch/Belgian firm Loeff Claeys Verbeke. On February 7 the District Court of Amsterdam upheld the Dutch bar rules banning mergers between accounting and law firms.

By Decree 253 of February 1997, the Colombian government, using its powers under the economic emergency decree, has announced that it will sell its controlling interest in the coal mine known as El Cerrejón North, located in the Guajira region of northern Colombia. El Cerrejón is one of the world's larger coal mines, with an annual output of 16.5 million metric tons of bituminous thermal coal, and total reserves of some 4,600 million metric tons. The government owns a 50% interest in El Cerrejón North (through Carbocol, a state-owned corporation), with the other 50% owned by Intercor, a wholly-owned Colombian subsidiary of Exxon Corporation.

Siebe, the UK's largest diversified engineering company, issued US$250 million of global notes under US law. The notes were offered under Rule 144A and Regulation S.

US buy-out specialist Kohlberg Kravis Roberts (KKR) agreed to pay US$1.05 billion for about 90% of the shares of US electrical equipment company Amphenol.

UK construction lawyer Tim Steadman will join Clifford Chance as a partner in March. He moves from Baker & McKenzie's London office where he has been a construction partner for the past five years.