Deacons

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...

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...

Leading Hong Kong law firm, Deacons launched its inaugural Non-Fungible Token (NFT) today to mark the culmination of its 170th anniversary celebrations. The firm has partnered with HashKey Group, a digital asset financial services group in Asia, for institutional-grade minting, distribution and custody support for its commemorative NFT. Registration for the complimentary, limited edition NFT is open for the public on the firm’s website. The Deacons 170th Anniversary NFT is a mosaic comprising 85 unique images contributed by Deacons’ staff members. The pictures capture the photographers’ favourite Hong Kong moments of 2021, and are a celebration of the human spirit and of Hong Kong...

<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 &amp; 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 &amp; Telecommunications category.</p> <p>Congratulations to Charmaine and our IP and TMT teams on these fantastic achievements...