27 Nov 2001
Re C.A. PACIFIC FINANCE LTD & C.A. PACIFIC SECURITIES LTD
- Citation
- Re C.A. PACIFIC FINANCE LTD & C.A. PACIFIC SECURITIES LTD
- Court
- Court of First Instance
- Case number
- HCCW36/1998
The court ordered that shares be distributed to clients upon payment of a provisional processing fee equal to 14% of the value of each client's portfolio at the Value Date, that the fee be held in a separate interest-bearing account pending taxation of legal costs and an independent examination and assessment of the Liquidators' remuneration and expenses (to be undertaken by a suitably qualified taxing master or the Court sitting with an accountant-assessor), and that the incidence of the costs of that examination be determined by the court on a discretionary basis according to the propriety,…