25 Jun 1998
RE PEREGRINE INVESTMENTS HOLDINGS LTD.
- Citation
- RE PEREGRINE INVESTMENTS HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW32/1998
The Maxwell principles apply: provisional liquidators must justify any time‑based remuneration with adequate particulars and records (contemporaneous records preferred), link time to specific tasks, satisfy the reasonably prudent man test and critically scrutinize solicitors' and other disbursements before seeking recoupment; absent satisfactory proof and scrutiny the court will defer substantive approval and may order taxation or require revised bills; interim payments may be allowed on account but substantive quantification is reserved.