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  • China eases Renminbi closer to convertibility
    The latest gradual steps to a free foreign exchange regime in China will be of significant benefit to foreign investment enterprises there. By Guanxi Zheng of Stikeman, Elliott, Hong Kong
    September 30 1996
  • SKW acquires Sandoz division for US$1.1 billion
    German bio-chemical company SKW Trostberg is to acquire Swiss company Master Builders Technology Division from Sandoz in a Sw fr1.3 billion (US$1.1 billion) deal. Subject to antitrust clearances the sale will close in November.
    September 30 1996
  • Goodman Phillips opens in Vancouver
    Canadian firm Goodman Phillips & Vineberg opened a Vancouver office on September 9. The firm poached the managing partner for the office, Paul Goldman, from Canadian rival Lang Michener.
    September 30 1996
  • Hollinger buys The Telegraph plc
    On August 8 1996 Hollinger International completed, following a Scheme of Arrangement under section 425 of the Companies Act 1985, its acquisition of all those shares of The Telegraph plc it did not already own.
    September 30 1996
  • UK's Imperial Tobacco demerges from Hanson
    UK group Imperial Tobacco is being demerged from UK conglomerate Hanson and will be floated on the London Stock Exchange. The company is expected to be accepted for the Official List from October 1 with a market capitalization of over £2 billion.
    September 30 1996
  • Spanish merger marks watershed
    In one of the most significant moves in the expansion of the legal networks of the big six, Ramon Lladó, managing partner with Madrid-based J&A Garrigues, has confirmed that the firm is in merger talks with Spanish legal firm Arthur Andersen ALT.
    September 30 1996
  • Allen & Overy in US hire
    UK firm Allen & Overy has announced the appointment of US lawyer David Slade as partner in its New York office. In a move designed to give the firm a dual US and UK capability in project finance work, Slade will be joined by dual-qualified partner Carl Sheldon who moves from the Frankfurt office.
    September 30 1996
  • New partners at LeBoeuf
    New York-based LeBouef, Lamb, Greene & MacRae has appointed Jude Kearney a partner in the firm's Washington DC office. Kearney was formerly deputy assistant secretary for Service Industries and Finance at the US Department of Commerce. He specializes in international trade and project finance matters and works extensively with the insurance industry on issues of its access to, licensing by and investment in foreign markets.
    September 30 1996
  • Latin America opens up – slowly
    In Central and South America lawyers are experiencing mixed fortunes as one of the world's most exciting markets digests the combined effects of the Mexican peso crisis, Nafta and privatization. Richard Forster reports
    September 30 1996
  • Malaysia
    The government has taken steps to encourage insurance companies to provide offshore insurance services in Labuan's International Offshore Financial Centre. Although reaction in the banking market to the possibility of setting-up offshore had been good, only six insurance companies had moved to the centre.
    August 31 1996
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