On 28 October 2021, the Securities and Futures Commission (SFC) released the consultation conclusions on proposed amendments to the Code on Pooled Retirement Funds (PRF Code). The amended PRF Code will become effective upon gazettal, which is expected to be some time in November 2021 (Effective Date). The proposals are part of the SFC’s holistic review of the PRF Code following the revision of the Code on Unit Trusts and Mutual Funds (UT Code) which was implemented in 2019, as well as the codifications of existing practices...
Deacons is Hong Kong's own world-class law firm. We are the largest full-service independent law firm in Hong Kong, as well as the longest-established. Established in 1851, we have deep roots and strong relationships with Hong Kong's business community, having advised clients in the city for 170 years.
We understand our clients' businesses and time pressures, and act as 'trusted advisors' in helping them to make crucial business decisions. Blending traditional client care with modern technology and working practices, we provide clients with the highest quality advice to support their strategic business needs.
As well as our headquarters in Hong Kong, Deacons has representative offices in Beijing, Guangzhou and Shanghai.
Our principal service areas include: banking & finance, capital markets, China trade & investment, construction, corporate and M&A, employment & pensions, insolvency & restructuring, insurance, intellectual property, investment funds, litigation & dispute resolution, notarial services, private clients, real estate, regulatory and tax.
Year this Office was Established: 1851
Lawyers Worldwide: 205
Areas of Practice
On 27 August 2021, the Alternative Reference Rates Committee (“ARRC”), a group of private-market participants convened by the Federal Reserve Board and the Federal Reserve Bank of New York in 2014 to lead the LIBOR transition in the United States, issued FAQs and Best Practice Recommendations on, among other things, the use of the Secured Overnight Financing Rate (“SOFR”) and its term rates (“Term SOFR”), following the ARRC’s formal recommendation to use Term SOFR on 29 July 2021...
<p>We are delighted to announce that Deacons has once again been ranked as a First Tier Intellectual Property Law Firm in Doyle’s Guide Hong Kong 2021. We have also been named as one of the Leading Technology, Media & Telecommunications Law Firms in Hong Kong.</p> <p>For the second consecutive year, our Intellectual Property Co-head and Partner Charmaine Koo has also been recognised as a Preeminent Intellectual Property Lawyer. In addition, she has been named as a Recommended Lawyer in the Technology, Media & Telecommunications category.</p> <p>Congratulations to Charmaine and our IP and TMT teams on these fantastic achievements...
CFPG advised Guangzhou Metro Group Co., Ltd. (Guangzhou Metro) on its issuance of offshore green bonds due 2026 in the aggregate amount of US$200 million. It marks the first issuance of offshore green bonds by a stated-owned enterprise in the Guangzhou city. The net proceeds of the issue of the notes will be allocated to finance and/or refinance Eligible Green Projects as defined in Guangzhou Metro’s Green Finance Framework. Sustainalytics has provided a second party opinion on the environmental credentials of Guangzhou Metro’s Green Finance Framework and its alignment with the Green Bond Principles 2021. In addition, the notes have been certified by Hong Kong Quality Assurance Agency...