Deacons acted for Bank of America Corporation in completing the US bank’s disposal of Bank of America (Asia) Limited (now known as China Construction Bank (Asia) Corporation Limited) to China Construction Bank Corporation 29 December 2006 Bank of America Corporation successfully completed its HK$9.71 billion disposal of Bank of America (Asia) Limited (now known as China Construction Bank (Asia) Corporation Limited), which ran the US bank’s Hong Kong and Macau retail operations, to Hong Kong listed China Construction Bank Corporation on 29 December. This was the first deal involving the disposal of banking operations of a US bank to a PRC bank. Deacons acted as the Hong Kong legal adviser to Bank of America Corporation in this transaction.