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On Aug. 11, the Standing Committee of China’s National People’s Congress (NPC) passed a decision to implement pilot measures that will allow Hong Kong lawyers to practice in nine cities in the Greater Bay Area. Lawyers in Hong Kong and on the mainland say the measures provide more room for the professional development of Hong Kong lawyers, and facilitate the growth of legal services on the mainland.
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Hong Kong law firm Deacons has boosted its trademarks practice with the appointment of IP expert Benjamin Choi as a partner from Mayer Brown.
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Deacons, the largest local law firm in Hong Kong, has hired capital markets specialist Peter Cheng as a partner from Davis Polk & Wardwell, where he was a counsel.
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Deacons and Freshfields Bruckhaus Deringer have advised The Wharf (Holdings) Ltd on the disposal of its telecoms unit, Wharf T&T Ltd, to private equity firms MBK Partners and TPG, which were both represented by Clifford Chance.
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Deacons has advised Jianguang Asset Management Co (JAC Capital), a subsidiary of Chinese state-owned investment company JIC Capital, on its agreement to buy Netherlands-based NXP Semiconductor’s power amplifier business for $1.8 billion.
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Latham & Watkins leads on DSS’ sale of its 67 percent stake in PT Golden Energy Mines to United Fiber System, WongPartnership and Allen & Gledhill advise on loan grant to North Gem Development, and more in this week’s SE Asia Deals table.
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After a strong showing in 2014, Hong Kong’s IPO market is set to carry the momentum forward into 2015, with a strong pipeline of companies looking to list on the Hong Kong Stock Exchange. On the liquidity front, the signs look positive with the Hong Kong-Shanghai Stock Connect starting to bear fruit, and the introduction of a similar scheme between Hong Kong and Shenzhen’s stock markets penciled for later this year. Meanwhile, discussion over the hotly debated issue of whether Hong Kong should allow weighted voting rights has continued into 2015. Kanishk Verghese reports
By ALB
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ALB Power List 2015 picks the most influential law firms in the region on the basis of work done, clients satisfied and talent acquired and retained.
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Deacons, Ropes & Gray, and Soga Law Office have advised Japanese pachinko hall operator Dynam Japan Holdings on its $200 million global offering on the Hong Kong Stock Exchange, the first Japanese company to obtain a primary listing in the territory.