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  • UK firm Stephenson Harwood is set to open an office in Piraeus, Greece and has recruited a local shipping lawyer in Spain.
  • White & Case has announced that David Robbins will join the firm as a partner in its New York office. Robbins specializes in international corporate transactions, including project development and financing, and cross-border licensing. Formerly a partner with Reid & Priest in New York, he practised for four years in Japan and has represented Japanese companies for almost 20 years.
  • UK firm Herbert Smith has been voted top adviser on international energy law in Petroleum Economist's 1996 Energy Finance Poll. The poll, based on responses from over 100 international energy companies, has UK-based Allen & Overy relegated from last year's winner to third place behind Herbert Smith and US firm Vinson & Elkins.
  • The trend towards structuring initial offshore purchases in US-registered public offerings as Regulation S transactions raises a number of legal questions. By David E Neuville of Baker & McKenzie, Hong Kong
  • UK firm Freshfields will open its seventh European office before the end of the year. The firm will open in Milan, extending its presence in southern Europe following the opening of offices in Madrid and Barcelona.
  • Law firms in Australia and New Zealand are meeting the onslaught of competition from professional services firms by trimming and streamlining services. The trend is towards a high-tech, highly specialized and user friendly law firm. Morgan Acker reports
  • From January 1 1996, the system of standard tariffs for motor vehicle liability insurance has been replaced by the latest revision of the Federal Law on the Supervision of Private Insurance Companies (Insurance Supervisory Law, ISL). This revision abolished a 20 year-old mandatory system of a single standard tariff for all motor vehicle liability insurers in Switzerland. Now, motor vehicle liability insurers are free to fix a tariff, thereby becoming a non-restricted insurance business.
  • In the early 1980s, Riggs National Bank of Washington DC made loans to several wholly-owned entities of Peru. These loans were renewed in 1983 under the restructuring of Peru's external debt.
  • German law firm Deringer Tessin Herrmann & Sedemund has officially opened its office in Berlin. The firm had been working out of the city since February having absorbed local practice Pfeiffer Brandes Neumann.