Conyers Dill & Pearman, the original pioneer of offshore law, today confirmed that it will be proceeding with the launch of an office in Moscow, Russia.

With an anticipated opening in March 2008, the establishment of such an office will provide the region with access to Conyers' wealth of offshore law expertise in a convenient location and time zone. This is in addition to the already established offices in London and Dubai.

The firm, which advises on the laws of Bermuda, British Virgin Islands and the Cayman Islands, has received the Certificate of Accreditation from the Russian Ministry of Justice and will be based in offices in Ducat III, the new business centre on Gasheka Street, next to the famous Garden Ring.

Chairman of Conyers Dill & Pearman, John Collis, commented: "The growth in international trade itself has spawned more and more potential clients around the world seeking offshore services. Many markets that were once described as "emerging markets" have now clearly emerged, and their corporations are seeking to do business globally.

Moscow's financial services sector has reacted quickly to accommodate the demands of Russian industry and over the past few years, we have seen significant growth in quality corporate and finance work involving Russian corporations.

We expect our team will be kept very busy in the early days meeting with existing clients, making new contacts and dealing with our current body of work and new work as it continues to flow in. As with our pioneering exploration into Hong Kong in 1985 and Singapore in 2001 we expect to establish ourselves swiftly to consolidate our position as the leading provider of offshore legal services in Moscow and Eastern Europe."

The firm's Russian operation will focus on general corporate and commercial work, particularly transactions are that are outward investment by Russian companies, such as international IPOs and public offerings by Russian businesses; acquisition of foreign assets and businesses by Russian companies, as well as inward investment by western businesses in Russia by way of acquisition of Russian businesses, and bank financing transactions by western banks of Russian businesses. For further information - contact Ross Webber at Ross.Webber@conyersdillandpearman.com.

About Conyers Dill & Pearman
Since 1928, Conyers Dill & Pearman has earned the trust, loyalty and respect of our clients by consistently providing responsive, timely & thorough advice on all aspects of offshore corporate & commercial law, commercial litigation & private client matters. For advice on the laws of Bermuda, British Virgin Islands & the Cayman Islands, no matter where you are in the world, you know you can trust Conyers Dill & Pearman.

With a current complement in excess of 500 staff, with over 135 lawyers, Conyers Dill & Pearman has operations in Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Dubai, Hong Kong, London, Moscow and Singapore.

Affiliated companies (Codan) provide registered agent, registered office, corporate director and secretarial services, as well as specialised company management services. An affiliated global network of licensed trust companies undertakes a broad range of trust establishment and administration services. These services range from the administration of family trusts for private clients to the structuring of highly complex and innovative corporate ventures including special purpose trusts for ownership of securitization structures. www.conyerdillandpearman.com

Bermuda & British Virgin Islands & Cayman Islands & Dubai & Hong Kong & London & Moscow & Singapore

Advising on the laws of Bermuda, British Virgin Islands and Cayman Islands