25 Aug 2009
RE LEHMAN BROTHERS FUTURES ASIA LTD
- Citation
- RE LEHMAN BROTHERS FUTURES ASIA LTD
- Court
- Court of First Instance
- Case number
- HCCW463/2008
The court exercised its jurisdiction to order interim payments but reduced the percentage sought: it ordered interim payments of 75% of the fees claimed by the provisional liquidators and their agents for the provisional liquidation period (excluding fees for billing tasks), granted 100% interim reimbursement of other disbursements, declined any interim payment for billing tasks pending further assessment, and required undertakings to repay any excess; the court also granted a validation order under section 182 and reserved costs.