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UK firm Allen & Overy is continuing the rapid expansion of its Moscow office. This follows the arrival last year of two lawyers from US firm Milbank, Tweed, Hadley & McCloy's Moscow office.

Spanish firms J & A Garrigues and Arthur Andersen ALT have completed their merger with partners approving the new partnership on January 31 1997. The firm will be known as J & A Garrigues Andersen with Andersen staff relocating to Garrigues' offices as much for symbolic as practical reasons. "We want to differentiate them clearly and move them away from where they were," comments Ramon Lladó, partner from the former J & A Garrigues.

"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.

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

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.

Cravath, Swaine & Moore, New York, is representing the US drugstore chain Revco in its acquisition by rival CVS. The US$2.8 billion stock swap merger will mean CVS becomes the US's second largest drugstore chain by sales.The team of Cravath lawyers comprises corporate partners Alan Stephenson, Philip Gelston and Richard Hall, assisted by corporate associates Caroline Gottschalk, Andrew Woeber, Richard Cundiff and Andrew Pitts. Partner Michael Schler and associate Craig McCracken are advising on tax law, while senior attorney Henry Morgenbesser and associate Scott Price are handling employee benefits issues. Also advising is senior attorney Jeffrey Smith, specializing in environmental law, and special antitrust counsel is Louis Sernoff from Baker & Hostetler, Washington DC.

Hilton Hotels, the US hotel and gambling group, is making a US$6.4 billion hostile bid for ITT, its largest rival, in an attempt to create the world's biggest hotel and gambling company.

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.