Hong Kong is a special administrative region of the People's Republic of China (“PRC”) that is governed by the Basic Law of the Hong Kong Special Administrative Region of the PRC (Basic Law) which forms a mini constitution for Hong Kong. Under the Basic Law, Hong Kong enjoys a high degree of autonomy except in relation to matters such as defense and foreign affairs. It has its own executive, legislative and independent judicial power, including that of final adjudication. Socialist systems and policies will not be practiced in Hong Kong for a period of 50 years commencing from 1997 under the principle of "one country two systems." Hong Kong is an attractive place to do business and a leading international trading and service hub as well as a high value-added manufacturing base. It is one of the freest economies in the world and a gateway to investment in China.
Lex Mundi provides coverage in Hong Kong through its member firm, Deacons. The firm provides an extensive range of legal and commercial services to local and international businesses. With 15 key service areas and three representative offices in Beijing, Shanghai and Guangzhou, Deacons is the largest independent local law firm with 52 partners, 250 lawyers and lawyer equivalents and approximately 630 employees overall. Deacons advises some of the world’s best known companies and financial institutions, as well as businesses and individuals in Hong Kong and the PRC, on their most significant and complex matters.