Proposed System Of Costs Scheduling For Insolvency Practitioners

Kao Chai-Chau Linda v Fong Wai Lyn Carolyn and others [2015] SGHC 260

INTRODUCTION

This case concerns the quantum of professional fees reflected in a bill of costs issued by the receivers and managers ("R&Ms") of Airtrust (Singapore) Pte Ltd ("Airtrust").

Having previously succeeded in objecting to three bills of costs presented to the High Court for approval by the R&Ms, and convincing the High Court to reduce the amounts charged by the R&Ms by between 38% and 42% in each instance, Jimmy Yim, SC, Erroll Ian Joseph, Daniel Soo, Mahesh Rai and Andrew Lee from Drew & Napier LLC (together with solicitors for other parties) launched another attack against this latest bill of costs presented to the High Court for approval.