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Financial Services Newsletter, Issue 7 of 2014: July
"New KFS disclosure requirements for authorised funds"; "Changes to publication requirements for collective investment schemes"; "Proposal to introduce MPF core fund"; "Clarification on disclosure of company names"; "The SFC and corporate culture"; "SFC licensing and compliance hints"; "Recent publications"
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Clarification from Companies Registry on the Disclosure of Company Name
The Companies Registry has issued an external circular on 24 July 2014 to clarify the requirements in relation to the disclosure of company name pursuant to the Companies (Disclosure of Company Name and Liability Status) Regulation (Cap.622B) ("the Regulation"). The position is now clear that for a company registered by bilingual names, it may choose to display or state just the English name or the Chinese name, or both the English name and Chinese name
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Enhanced multipliers confirmed by Court of Appeal
In our February 2013 and June 2013 Client Alerts, we reported on Mr Justice Bharwaney's judgment of 7 February 2013 in respect of the discount rates to be applied to calculations for future losses in personal injury cases ("the Justice Bharwaney Ruling").
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Court of Final Appeal rules that expiry of limitation period is to be assessed by looking at Indorsement on Writ and not Statement of Claim
The effect of section 35 of the Limitation Ordinance (Cap. 347) is that where a "new claim" is sought to be made in the course of an action and such claim would otherwise be time-barred, it will be allowable only if it arises out of "the same facts or substantially the same facts" as a cause of action "in respect of which relief has already been claimed" in the action by the party seeking leave to make the amendment.
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China's merger clearance requirements – an update
The Anti-Monopoly Bureau (AMB) of the Ministry of Commerce of China (MOFCOM) has recently published the following provisions and guidelines relating to the review procedure for merger clearance with AMB (AMB Clearance).
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Deacons is voted an Employer of Choice in the Asian Legal Business annual survey

ALB's Employer of Choice 2014 survey was compiled taking into account responses from thousands of law firm employees across Asia, ranging from managing partners to support staff, as well as market knowledge. The survey was open in the months of April and May, and law firms have been ranked on the basis of job satisfaction, remuneration, work-life balance, career prospects, mentorship, job security and other aspects. Respondents were asked to submit their responses anonymously to help maintain fairness and objectivity.
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Strong set of results in Chambers & Partners Asia Pacific Guide 2014

We are pleased to announce a strong set of results for the firm in the 2014 edition of Chambers & Partners Asia Pacific which was published on February 18.
Deacons has maintained its top tier rankings, increased our firm ranking in two practice areas and secured three new rankings for leading individuals in this year’s round of research.

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Deacons wins Client Service Law Firm of the Year

We’re delighted to announce that Deacons was named the “2014 Client Service Law Firm of the Year” for Hong Kong at the annual Chambers Asia Pacific Awards on February 17.
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Deacons wins Hong Kong Law Firm of the Year

We're delighted to announce that Deacons was named the Hong Kong Law Firm of the Year by China Business Law Journal.
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Deacons' partners Lilian Chiang and Charmaine Koo both winners at prestigious Asia Women in Business Law Awards 2013

We are delighted to announce that Lilian Chiang, Head of Property Department and Charmaine Koo, Head of Commercial IP were winners at the Asia Women in Business Law Awards on Wednesday, 20 November. Lilian was awarded “Best in Real Estate” while Charmaine was awarded “Best in IP Litigation".
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Deacons awarded "Hong Kong Law Firm of the Year" at 2013 Asian Legal Business China Awards
On 28 March 2013, Deacons was awarded "Hong Kong Law Firm of the Year" at 2013 Asian Legal Business China Awards.
 
Deacons has been recognised as a Caring Company for 3 Years in a Row
Deacons has been presented with the Caring Company Award by The Hong Kong Council of Social Service in recognition of the firm's commitment in Caring for the Community, Caring for the Employees and Caring for the Environment for the 3rd consecutive year. This is a clear proof of Deacons' persistence in sustainable development and contribution to the community.
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