20 Apr 2007
RE BEST GAIN ENGINEERING LTD
- Citation
- RE BEST GAIN ENGINEERING LTD
- Court
- Court of First Instance
- Case number
- HCCW337/1999
Given (a) the services provided by Panel B agents were conducive to proper conduct of the liquidations and in creditors' interests, (b) there was no evidence of misconduct or conflict of interest, (c) fees will be subject to taxation providing independent scrutiny, and (d) a case-by-case inquiry would be disproportionate, the court will exercise its power under section 200(3) to give retrospective sanction to the appointments and authorise payment of agents' fees and expenses out of company assets subject to taxation and amounts allowed on taxation.