11 Sept 2020
LAU YUE KUI, the administrator of the estate of LAU WAI CHAU, deceased AND OTHERS v. PHILIP CHAN & CO (a firm)
- Citation
- [2020] HKCFI 2093
- Court
- Court of First Instance
- Case number
- HCMP593/2007
Applying Rule 5 and weighing all factors the Master found the matter was unusually complex, required special skill, involved significant responsibility and risk, and comparable market practice did not support imposing a regressive cap; the 2% fee under the 1st Fee Agreement was therefore reasonable and Bill No 1 was allowed in full at $20,000,000; after item-by-item scrutiny of Bill No 2 the Master found the time entries reasonable and allowed the claimed charges up to the agreed cap so Bill No 2 was allowed at the capped sum of $20,000,000; the respondent was entitled to normal interest with…