RE B. F. CONSTRUCTION CO LTD

RE B. F. CONSTRUCTION CO LTD

The Registrar found the overall time and sums claimed to be generally reasonable but made specific reductions (45 minutes from JT, 7 minutes and 10 minutes from NB totaling $2,867) and thereby assessed the recoverable costs at $21,360, to be paid from monies held by the Provisional Liquidators.

Citation
RE B. F. CONSTRUCTION CO LTD
Parties
Company: B. F. CONSTRUCTION COMPANY LIMITED; Provisional Liquidators: Provisional Liquidators of B. F. Construction Company Limited; Respondent Solicitors: Ng & Partners
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
22 June 2007
Case Number
HCCW691/2004
Procedural Posture
Companies Winding Up Proceedings (application for Release of Provisional Liquidators' Report and Costs) / Costs Assessment After Refusal of Application for Release of Report
Outcome
Costs assessed in favour of the Provisional Liquidators in the sum of $21,360; costs to be deducted from monies held by the Provisional Liquidators.
Legal Topics
Release of Provisional Liquidators' Report, Assessment of Solicitor Costs, Misfeasance Report, Deduction From Assets Held by Provisional Liquidators
Source Language
EN
Company Law Insolvency Civil Procedure Costs Law Release of Provisional Liquidators' Report Assessment of Solicitor Costs Misfeasance Report Deduction From Assets Held by Provisional Liquidators

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Parties

B. F. CONSTRUCTION COMPANY LIMITED

Company

Provisional Liquidators of B. F. Construction Company Limited

Provisional Liquidators

Ng & Partners

Respondent Solicitors

Procedural Posture

Companies Winding Up Proceedings (application for Release of Provisional Liquidators' Report and Costs) / Costs Assessment After Refusal of Application for Release of Report

Legal Issues

  1. 1 Whether the solicitors' time and costs claimed were reasonable and recoverable
  2. 2 What specific time entries should be disallowed or reduced and by how much
  3. 3 Whether the assessed costs should be paid out of monies held by the Provisional Liquidators

Ratio Decidendi

The Registrar found the overall time and sums claimed to be generally reasonable but made specific reductions (45 minutes from JT, 7 minutes and 10 minutes from NB totaling $2,867) and thereby assessed the recoverable costs at $21,360, to be paid from monies held by the Provisional Liquidators.

Court Disposition

Costs assessed in favour of the Provisional Liquidators in the sum of $21,360; costs to be deducted from monies held by the Provisional Liquidators.

Orders

  • Assessment of costs awarded to the Provisional Liquidators: $21,360
  • The claimed sum of $24,227 is reduced by $2,867 resulting in assessed costs of $21,360