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  • Irish company law requires Irish companies to maintain registers of shareholders and debenture holders. Transfers must be in a statutory form and stamp duty is payable. Technological development in general and the introduction of CREST in particular have resulted in the Companies Act 1990 (Uncertificated Securities) Regulations 1996 ('the Regulations').
  • The Trust (Amendment No. 3) (Jersey) Law, 1996, which was adopted by the States of Jersey on November 21 1995 and sanctioned by Her Majesty in Council on April 24 1996, was registered in the Royal Court and came into force on May 24 1996.
  • The Finnish Council of State recently published a bill regarding the further implementation of the EU Directive on undertakings for collective investment in transferable securities (UCITS; 85/611/EEC) in order to improve and maintain the international competitiveness of Finnish investment funds.
  • The Korea Stock Exchange (KSE) has decided to ease disclosure requirements for foreigners to induce more foreign corporations to list their stocks on the local exchange.
  • Commercial Banking Law in the PRC
  • 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.