25 Jun 1998
Re PEREGRINE INVESTMENTS HOLDINGS LTD.
- Citation
- Re PEREGRINE INVESTMENTS HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW20/1998
The Maxwell principles apply in Hong Kong: provisional liquidators who claim remuneration, including on a time basis, must justify their claims by adequate evidence linking time to tasks and demonstrating that a reasonably prudent person would have incurred the expenditure; solicitors' bills are disbursements which must be critically scrutinized and ordinarily paid or taxed by the office-holder before seeking recoupment from the estate; absent adequate proof the court will not approve full payment and will require further evidence and possible taxation or negotiations.