25 Aug 2009
RE LEHMAN BROTHERS FUTURES ASIA LTD
- Citation
- RE LEHMAN BROTHERS FUTURES ASIA LTD
- Court
- Court of First Instance
- Case number
- HCCW438/2008
Given the scale and detailed evidential justification, the court exercised its jurisdiction to permit interim payments but declined the 80% requested; it ordered 75% interim payment of provisional liquidators' and agents' fees (excluding billing tasks), 100% interim payment of other disbursements, withheld interim payment for billing tasks pending further assessment, required undertakings to repay any overpayment (with three Hong Kong solicitors giving direct undertakings), granted leave to apply for further interim payments and made a s182 validation order; costs reserved.