Mayer Brown announced today that is has elevated 65 lawyers. The group comprises 39 lawyers who have been promoted to partner, and 26 who have attained the position of counsel.

The transition from LIBOR to alternative benchmark interest reference rates is shaping up to be one of the most fundamental changes to the financial services industry in recent times. Mayer Brown is uniquely positioned to advise financial institutions and other affected market participants on how to navigate this complex problem.

For many years, successive Hong Kong governments have struggled with the vexed issue of how to get rid of the statutory right of an employer to reduce the long service pay or severance pay to which an employee is otherwise entitled by the value of mandatory MPF contributions paid by the employer in respect of the employee.