25 Aug 2009
RE LEHMAN BROTHERS SECURITIES ASIA LTD
- Citation
- RE LEHMAN BROTHERS SECURITIES ASIA LTD
- Court
- Court of First Instance
- Case number
- HCCW437/2008
The court exercised its jurisdiction to grant interim payments but limited the interim drawdown to 75% of the claimed fees for the Provisional Liquidators and their agents (excluding fees relating to Billing Tasks) and 100% of other disbursements, on the basis that the applications were supported by extensive evidence, but that caution was required given unresolved assessment matters (charge-out rates, potential reductions, and absence yet of an assessor); Billing Tasks were excluded from interim payment pending further assessment; undertakings to repay any excess were obtained and a validati…