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The recently enacted Decree 627/96 has provided a new set of rules in connection with leasing transactions. The Decree applies to leases governed by Argentine Law 24,441, in which the lessor is:

Austria enacted a major revision of corporate law on July 1. The aim of the EU Company Law Amendment Act is to complete the harmonization of Austrian corporate law with EU company law. The Act applies to all corporate entities, but some changes are of particular importance to the Austrian banking sector. They relate to a bank's acquisition of its own stock, reasons for the exclusion of certain auditors of banks, financial reporting of banks and creditors' protection in the case of mergers of financial institutions.

Accompanying the International Financial Law Review 50 table of the world’s largest law firms are new tables on the financial health of the most and least international firms. Paul Lee provides comfort to those fighting to become more international

The Bankruptcy (Désastre) (Jersey) Law, 1990 contains provisions on disqualifying directors of a company which has been declared 'en désastre' (bankrupt).

Jane M Freeberg of Watson, Farley & Williams, New York, considers the controversial Iran and Libya Sanctions Act of 1996, which is viewed by the EU as an American attempt to dictate foreign policy

UK law firms Dibb Lupton Broomhead and Alsop Wilkinson merged on October 1 to form the UK's sixth largest firm and the world's eleventh largest (see page 16). The new firm, Dibb Lupton Alsop, will have 214 partners and a total of 734 fee earners, with a turnover in in the region of US$140 million. Both firms grew from strong regional bases, Dibb Lupton in Leeds and Alsop Wilkinson in Liverpool. Their London offices opened later but by merging they hope to build their City profile as well as develop an international presence. Alsop Wilkinson has offices in New York, Brussels and Hong Kong but Dibb Lupton did not have an office outside the UK.

In the second of two articles, Tim Soutar and Judith Hanson, of Clifford Chance, Hong Kong, continue their discussion of the role played by Asian governments in developing independent power sectors

US firm White & Case has named Raj Pande, head of the firm's India Practice Group, partner. Pande will continue to be based in the firm's Singapore office. The firm has also made two lateral hires. Weerawong Chittmittrapap, a Thai securities and corporate lawyer, joins the Bangkok office as partner. He moves from his position as partner at Baker & McKenzie.

Swiss Re has agreed to purchase the Mercantile & General reisurance arm of the UK's Prudential Corporation for £1.75 billion. Swiss Re's bid has been accepted subject to regulatory approval.

John A Kehoe and J Alan Bannister of Clifford Chance, London and New York, offer a guide to the procedures for obtaining secondary listings on the main world markets