27 Aug 2009
RE LEHMAN BROTHERS FUTURES ASIA LTD
- Citation
- RE LEHMAN BROTHERS FUTURES ASIA LTD
- Court
- Court of First Instance
- Case number
- HCCW441/2008
The court held that provisional liquidators appointed under section 193 and continuing in office after a winding up order remain subject to assessment of their remuneration by the court under its inherent jurisdiction (both before and after the winding up order) until a liquidator is appointed by court order; provisional liquidators' agents' fees are not automatically taxable by the court and are payable under contract absent a challenge when accounts are passed; the period of provisional liquidation ends on the court's appointment of a liquidator following creditors' meetings; the court may…