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doc_type: "ORDER"
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# Guo Wengui / Miles Guo — bankruptcy case · ORDER · ECF #3699

**Fee Application —— In re Ho Wan Kwok (Miles Guo / Guo Wengui), CTB 22-50073 ECF #3699 (filed 2024-10-15). Pallas Partners LLP, UK solicitors to the Chapter 11 Trustee, filed its third interim fee application requesting allowance of $64,800.00 in professional fees and $151.24 in expenses, totaling $64,951.24, for services rendered from May 1, 2024, through August 31, 2024.**


UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

------------------------------------------------------　x

In re:　:
:　Chapter 11
HO WAN KWOK,
et al.,　:
:　Case No. 22-50073 (JAM)
Debtors.1　:
:　Jointly Administered

x
COVERSHEET FOR THIRD INTERIM FEE APPLICATION OF PALLAS PARTNERS LLP

Pallas Partners LLP

May 1, 2024 through August 31, 2024
February 15, 2022
Order:
March 24, 2023 [ECF No. 1596] (effective as of January
26, 2023).
Reductions
Voluntary Fee Reductions:
none
\$64,800.00
\$151.24
Voluntary Expenses Reductions:
none
\$64,951.24
Retainer Request:
\$425,863.00
None
\$413,063.00
\$413,063.00
Expense Detail:
\$5,828.67
Retainer Received:
Not applicable
\$901.63
Copies per page cost & total: Not applicable
\$901.63

1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).
UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

------------------------------------------------------　x

In re:　:
:　Chapter 11
HO WAN KWOK, et al.,　:
:　Case No. 22-50073 (JAM)
Debtors.1　:
:
:　Jointly Administered
------------------------------------------------------　x
THIRD INTERIM FEE APPLICATION OF PALLAS PARTNERS LLP, AS SOLICITORS IN UNITED KINGDOM, FOR COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR PERIOD FROM MAY 1, 2024 THROUGH AUGUST 31, 2024

Pursuant to sections 105(a), 328, 330, and 331 of title 11 of the United States Code (such title, hereinafter, the "Bankruptcy Code"), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules"), Rule 2016-1 of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Connecticut (the "Local Rules"), and the *Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals, dated August 18, 2023* [Docket No. 2094] (the "Interim Compensation Procedures Order"), Pallas Partners LLP ("Pallas"), as United Kingdom solicitors to Luc A. Despins, in his capacity as the chapter 11 trustee (the "Trustee") appointed in the chapter 11 case of Ho Wan Kwok (the "Debtor"), hereby files this Third Interim Application of Pallas Partners LLP, as Solicitors in United Kingdom, for Compensation and Reimbursement of

1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and the Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).

Expenses for the Period from May 1, 2024 through August 31, 2024 (the "Application"). By this Application, Pallas requests interim allowance of professional fees incurred during the period from May 1, 2024 through and including August 31, 2024 (the "Application Period") in these chapter 11 cases. In support of this Application, Pallas respectfully states as follows:
JURISDICTION, VENUE, BASES FOR RELIEF, AND COMPLIANCE

1. The Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the Standing Order of Reference from the United States District Court for the District of Connecticut. This matter is a core proceeding within the meaning of 28 U.S.C. § 157(b)(2). Venue is proper pursuant to 28 U.S.C. §§ 1408 and 1409.

2. The legal predicates for the relief requested herein are sections 328, 330, and 331 of the Bankruptcy Code, Bankruptcy Rule 2016, and Local Rule 2016-1.

3. Pallas believes that this Application, together with the attachments hereto, substantially complies with the Bankruptcy Rules, Local Rule 2016-1, and the *United States Trustee's Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases* (the "U.S. Trustee Guidelines").[2] Pallas respectfully requests a waiver of any of the foregoing requirements not met by this Application.

- 4. Attached and incorporated herein by reference are the following Exhibits:
	- Exhibit A contains the Proposed Order granting this Application.
	- Exhibit B is a timekeeper summary that includes the name, title, bar admission, hourly billing rate, aggregate hours, and amount of fees earned for each Pallas individual who provided services during the Application Period;

2 Pallasreserves all rights as to the relevance and substantive legal effect of the U.S. Trustee Guidelines with respect to any application for compensation in these chapter 11 cases.

- Exhibit C is a summary of expenses incurred and reimbursement sought, by expense type, during the Application Period; and
- Exhibit D contains the detail of the fees and expenses incurred during the Application Period.
BACKGROUND

5. On February 15, 2022 (the "Petition Date"), the Individual Debtor filed a voluntary petition for relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Connecticut (Bridgeport Division) (the "Court").

6. On March 21, 2022, the United States Trustee appointed an Official Committee of Unsecured Creditors (the "Committee") in the Individual Debtor's chapter 11 case. No examiner has been appointed in the Individual Debtor's chapter 11 case.

7. On June 15, 2022, the Court entered a memorandum of decision and order [ECF

No. 465] (the "Trustee Order") directing the United States Trustee to appoint a chapter 11 trustee in the Individual Debtor's chapter 11 case.

8. Pursuant to the Trustee Order, the United States Trustee selected Luc A. Despins as the Trustee. On July 8, 2022, the Court entered an order granting the appointment of Luc A. Despins as the Trustee in the Individual Debtor's chapter 11 case

9. By order entered March 24, 2023, the Court authorized Pallas' retention as solicitor in the United Kingdom for the Trustee [ECF No. 1596] (the "Retention Order") effective as of January 26, 2022 in the Debtor's chapter 11 case. The Retention Order authorizes Pallas to be compensated on an hourly basis and reimbursed for actual and necessary out-ofpocket expenses pursuant to sections 328 and 330 of the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and such orders as the Court may direct.

10. On August 18, 2023, the Court entered the Interim Compensation Procedures Order, which, among other things, approves procedures for the payment of 80% of fees and 100% of expenses on a monthly basis.

11. On December 27, 2023, Pallas filed its *First Interim Fee Application of Pallas Partners LLP, as Solicitors in United Kingdom, for Compensation and Reimbursement of Expenses for Period from January 26, 2023 Through November 30, 2023* [Docket No. 2475] (the "First Interim Fee Application"), requesting interim allowance of professional fees incurred during the period from January 26, 2023 through and including November 30, 2023 in these chapter 11 cases. On January 24, 2024, the Court granted the First Interim Fee Application.

12. On June 24, 2024, Pallas filed its *Second Interim Fee Application of Pallas Partners LLP, as Solicitors in United Kingdom, for Compensation and Reimbursement of Expenses for Period from December 1, 2023 Through April 30, 2024* [Docket No. 3277] (the "Second Interim Fee Application"), requesting interim allowance of professional fees incurred during the period from December 1, 2023 through and including April 30, 2024 in these chapter 11 cases. On July 23, 2024, the Court granted the Second Interim Fee Application.
ALLOWANCE REQUEST

13. The Applicant is applying for compensation pursuant to Sections 330 and 331 of the Bankruptcy Code for legal services performed for the Trustee during the Application Period.

14. For the Application Period, the Applicant seeks allowance of \$64,800 as compensation for services rendered and allowance and reimbursement of \$151.24 in expenses incurred in connection with such services. The Applicant devoted 61.2 hours to this case during the Application Period, equating to an overall blended rate of \$1,019.
15. Throughout the Application Period, the Applicant maintained records to indicate the name of each attorney or paraprofessional working on this matter, the time spent on a particular issue, and the nature of the work performed. These records, which describe in detail the services rendered by the Applicant, were created at the approximate time the services were performed.

16. Annexed hereto and made a part hereof as Exhibit D is a detailed billing report, upon which this application is based that contains each individual professional's time for the Debtors' bankruptcy cases, itemizing the dates upon which services were rendered, including a summary of the services on each of such dates by each person rendering the service, the time spent in rendering such service, and the dollar value of such services.
SUMMARY OF SERVICES RENDERED[3]

17. Upon being formally instructed, Pallas was asked to provide detailed and strategic advice in connection with the English litigation proceedings (the "UBS Action") brought by the Individual Debtor, Ace Decade Holdings Limited ("Second Claimant") and Dawn State Limited ("Third Claimant") against UBS AG (the "Defendant") (Case CL-2020-000345), which litigation claims constitute property of the Individual Debtor's estate. In addition, Pallas has been asked by the Trustee to consider strategic options in England relating to Hamilton Capital Holding Ltd ("Hamilton"), an entity which the Trustee maintains is part of the Estate and which he is seeking to obtain control over, pursuant to Hamilton entering into administration (the "Hamilton Administration").

18. During the Fee Period, Pallas has been continuing to advise the Trustee on several matters related to the UBS Action, including advising the Trustee on the most cost-efficient ways

3 For the avoidance of doubt, no privilege is waived in respect of the summary of the services rendered.

to maximize value from the UBS Action for the benefit of the Individual Debtor's estate and its creditors. In addition, Pallas has advised the Trustee in respect of matters arising under the Hamilton Administration in order to preserve value in the company and ensure that the Administration process does not seek to undermine and circumvent the Trustee's rights.

19. In order to achieve the Trustee's objective of maximizing value for the benefit of the creditors, Pallas has remained focused on advising the Trustee on the process of obtaining control of the Second and Third Claimants for the purposes of the UBS Action and seeking a further stay of the English proceedings pending the relief sought in the BVI Courts which will ultimately be recognized in the English Courts.

20. To that end, Pallas has assisted in continuing to advocate for, and liaise with the parties on, an extension to the stay of the English proceedings in order to ensure no steps can be taken by any party in England and to ensure that no costs are incurred by any parties. Upon the purported appointment of joint liquidators over Ace Decade (the "JLs"), Pallas has also been working with the Trustee to support his discussions and negotiations with the JLs in order to seek to obtain appropriate relief in the BVI and ultimately obtain control of the Second and Third Claimants for the purposes of the English proceedings. In respect of the Hamilton Administration, Pallas has assisted in reviewing the administrators' purported steps and proposing a strategy to ensure that the Trustee's rights are preserved and the Administration process monitored while the Trustee obtains related and relevant relief in the US.
NO PRIOR APPLICATION

21. No prior application for the relief requested has been made.

LEGAL AUTHORITY FOR COMPENSATION

22. All of the professional services for which this award is being sought hereby were rendered solely on behalf of the Trustee in connection with the chapter 11 cases herein.

23. Applicant respectfully submits that its services have benefited the Trustee with the expertise and skill required in the handling of bankruptcy matters. The legal services for which such compensation is requested were performed for and on behalf of the Trustee. Such services have been necessary to protect and enforce the rights and interests of the Trustee in connection with these chapter 11 cases. The reasonable value of services rendered by Pallas in these cases is based upon Pallas' usual hourly rates for matters of this nature.

24. Section 330 of the Bankruptcy Code prescribes the general standards for determining the amount of compensation to be paid to professionals. The Applicant submits that the amount sought for the Application Period represents reasonable compensation for professional services rendered based upon the time spent, the nature, the extent, and the value of such services, taking into account the cost of comparable services in a non-bankruptcy case.

25. Section 331 of the Bankruptcy Code provides for interim compensation of professionals and incorporates the substantive standards of section 330 of the Bankruptcy Code to govern the Court's award of such compensation. Section 330(a) of the Bankruptcy Code provides that, after notice and a hearing, the Court may award a professional employed under 11 U.S.C. § 327 "reasonable compensation for actual, necessary services rendered" and "reimbursement for actual, necessary expenses." 11 U.S.C. § 330(a)(1).[4]

4 Under section 328(a) of the Bankruptcy Code, with bankruptcy court approval, a trustee may employ professional persons under section 327(a) of the Bankruptcy Code "on any reasonable terms and conditions of employment, including on a retainer, on an hourly basis, on a fixed or percentage fee basis, or on a contingent fee basis." 11 U.S.C. § 328(a).

26. In determining the amount of "reasonable compensation," the Court must consider the nature, extent, and value of the services, taking into account all the relevant factors, including the time spent on such services, the rates charged for such services, whether the services were necessary and beneficial, whether the services were performed in a reasonable amount of time commensurate with the complexity, importance, and nature of the problem, issue, or task addressed, and whether the compensation is reasonable based on the customary compensation charged by comparably skilled practitioners in cases other than cases under the Bankruptcy Code. See 11 U.S.C. § 330(a)(3). The Court enjoys "considerable discretion in determining reasonable fee awards." In re Ahead Communication Systems, Inc., 395 B.R. 512 (D. Conn. 2008).

27. In assessing the "reasonableness" of the fees requested, the Second Circuit has stated that courts should consider the factors enumerated in Johnson v. Ga. Highway Express, Inc., [5] while also incorporating the "lodestar method." See Arbor Hill Concerned Citizens Neighborhood Ass'n v. County of Albany and Albany County Bd. of Elections, 522 F.3d 182, 190 (2d Cir. 2007) (citing Johnson v. Ga. Highway Express, Inc., 488 F.2d 714 (5th Cir.1974), abrogated on other grounds by Blanchard v. Bergeron, 489 U.S. 87, 92–93, 96 (1989)). The "lodestar method" of calculating the reasonable fee contemplates "the number of hours reasonably expended . . . multiplied by a reasonable hourly rate." See Hensley v. Eckerhart, 461 U.S. 424, 433 (1983); Gisbrecht v. Barnhart, 535 U.S. 789, 801 (2002); Perdue v. Kenny A., 130

5 The twelve Johnson factors are (1) the time and labor required, (2) the novelty and difficulty of the questions, (3) the skill requisite to perform the legal service properly, (4) the preclusion of other employment by the attorney due to acceptance of the case, (5) the customary fee, (6) whether the fee is fixed or contingent, (7) the time limitations imposed by the client or the circumstances, (8) the amount involved and the results obtained, (9) the experience, reputation, and ability of the attorneys, (10) the "undesirability" of the case, (11) the nature and length of the professional relationship with the client, and (12) awards in similar cases. Johnson, 488 F.2d at 717-19.

S.Ct. 1662, 1672 (2010); In re Drexel Burnham Lambert Grp., Inc., 133 B.R. 13 (Bankr. S.D.N.Y. 1991). The factors set forth in Johnson and In re First Colonial Corp. of Am., 544 F.2d 1291, 1298–99 (5th Cir. 1977) have been adopted by most courts.[6] See In re Nine Assocs., Inc., 76 B.R. 943, 945 (S.D.N.Y. 1987) (adopting First Colonial/Johnson analysis); In re Cuisine Magazine, Inc., 61 B.R. 210, 212–13 (Bankr. S.D.N.Y 1986) (same); Green v. City of New York, 403 F. Appx. 626, 629 (2d Cir. 2010) (summary order); see generally 3 COLLIER ON BANKRUPTCY ¶ 330.03[9] (Lawrence P. King ed., 16th ed. 2016) (describing First Colonial and Johnson as the "leading cases with regard to the factors to be considered in determining a reasonable allowance of compensation").

28. In accordance with the factors enumerated in section 330 of the Bankruptcy Code and applicable case law, the amount requested herein by Pallas is fair and reasonable.
STATUTORY COMPLIANCE

29. No agreement or understanding exists between Pallas and any other person for the sharing of compensation received or to be received for services rendered in or in connection with this matter. Pallas will not, in any form or guise, share or agree to share compensation for services with any person, nor will Pallas share in the compensation for any other person rendering service in these cases, except as so provided by section 504(b) of the Bankruptcy Code and Rule 2016 of the Bankruptcy Rules.
RESERVATION OF RIGHTS

30. To the extent that time or disbursement charges for services rendered or expenses incurred during the Application Period are not included in this Application, or Pallas has for any

6 The factors articulated in First Colonial were first articulated by the Fifth Circuit in Johnson, with the First Colonial court adding the factor of the "spirit of economy," which was later rejected by Congress. See Stroock & Stroock & Lavan v. Hillsborough Holdings Corp. (In re Hillsborough Holdings Corp.), 127 F.3d 1398, 1403 (11th Cir. 1997).

reason not sought compensation or reimbursement with respect to such services, Pallas reserves the right to request compensation and reimbursement for such services in a supplemental or future application in these chapter 11 cases. Also, Pallas does not waive, and expressly reserves, its right to respond to any objections regarding this Application and the amounts sought for services rendered and expenses incurred.
NO PRIOR REQUEST

31. No previous request for the relief sought herein has been made to this Court or any other court.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.]

WHEREFORE, Pallas respectfully requests entry of an order, substantially in the form attached hereto, (i) allowing interim compensation for professional services rendered during the Application Period in the amount of \$64,800 and reimbursement of \$151.24 in expenses, (ii) authorizing and directing prompt payment of the unpaid fees in the amount of \$64,951.24 from the estates, (iii) allowing such compensation and payment for professional services rendered without prejudice to Pallas' right to seek further compensation and/or payment from the estates for the full value of services performed and expenses incurred, and (iv) granting Pallas such other and further relief as is just.

Dated: October 15, 2024 London, United Kingdom

By:

Natasha Harrison PALLAS PARTNERS LLP 1 King William Street London, EC4N 7AF United Kingdom Telephone: +44 20 4574 1001 Email: natasha.harrison@pallasllp.com

United Kingdom Solicitor to Luc A. Despins, Chapter 11 Trustee
IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

In re:

HO WAN KWOK, et al.,

Debtors.[1]

Chapter 11

) ) ) ) ) ) ) )

Case No. 22-50073 (JAM)

(Jointly Administered)
CERTIFICATE OF SERVICE

The undersigned hereby certifies that on the date hereof, the foregoing application, and all attachments thereto (the "Application"), [2] was electronically filed. Notice of this filing was sent by e-mail to all parties to the above-captioned chapter 11 cases by operation of the Court's electronic filing ("CM/ECF") system or by mail to anyone unable to accept electronic filing as indicated on the Notice of Electronic Filing.[3] In addition, to the extent not covered by the foregoing, copies of the Application were served on the twenty (20) largest creditors in the Debtors' chapter 11 cases. Parties may access this filing through the Court's CM/ECF system.

1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).

2 Capitalized terms used but not defined in this Certification shall have the meanings ascribed to them in the Application.

3 To the extent that the foregoing was filed outside regular business hours, service by mail on recipients unable or not qualified to accept electronic notice was made on the next business day.

Dated: October 15, 2024

By: /s/ G. Alexander Bongartz G. Alexander Bongartz (pro hac vice) Douglass Barron (pro hac vice) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6079 douglassbarron@paulhastings.com

Counsel for the Chapter 11 Trustee

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 15 of 36
EXHIBIT A

Proposed Order
UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

x

In re:　:
:
Chapter 11
HO WAN KWOK, et al.,　:
:
Case No. 22-50073 (JAM)
Debtors.1　:
:
Jointly Administered

**[PROPOSED] ORDER GRANTING THIRD INTERIM FEE APPLICATION OF PALLAS PARTNERS LLP, AS SOLICITORS IN UNITED KINGDOM, FOR COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR PERIOD FROM MAY 1, 2024 THROUGH AUGUST 31, 2024**

x

Upon consideration of the Application (the "Application") of Pallas Partners LLP

("Pallas") as solicitor in the United Kingdom to the Trustee[2] for interim allowance of

compensation and reimbursement of expenses from May 1, 2024 through August 31, 2024; and

sufficient notice having been given; and a hearing having been held on \_\_\_\_\_\_\_\_, 2024 and due

consideration having been given to any responses thereto; and sufficient cause having been

shown therefor, it is hereby:

1. ORDERED that the Application is granted, pursuant to 11 U.S.C. §§ 330 and 331,

and compensation in the amount of \$64,800 and reimbursement of expenses in the amount of

\$151.24 are awarded to Pallas, subject to final adjustment and disgorgement in the event all

administrative expenses are not paid in full; it is further

1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).

2 Capitalized terms not otherwise defined herein adopt the definitions set forth in the Application.

2. ORDERED that nothing herein modified the Retention Order; it is further

3. ORDERED that the estates are authorized and directed to pay Pallas' fees and expenses in the aggregate amount of \$64,951.24, within fourteen days of the date of this Order; it is further

4. ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from the implementation of this Order; it is further

5. ORDERED that the Debtors' estates and Pallas are authorized and empowered to take all necessary actions to implement the relief granted in this Order; it is further

6. ORDERED that notwithstanding the possible applicability of Bankruptcy Rules 6006(d), 7062, 9014, or otherwise, the terms and conditions of this Order shall be immediately effective and enforceable upon its entry; and it is further

7. ORDERED that all time periods set forth in this Order shall be calculated in accordance with Bankruptcy Rule 9006(a).

EXHIBIT B
Timekeeper Summary
May 1, 2024 through August 31, 2024

TIMEKEEPER　DATE OF　TITLE　HOURS　HOURLY　TOTAL

FIRST BAR　RATE
ADMISSION
Natasha Harrison　2005　Partner　6.5　\$1,400.00　\$9,100.00
Matthew Getz　2005　Partner　0.2　\$1,450.00　\$290.00
Alessia De Quincey　2015　Associate　46.6　\$1,050.00　\$48,930.00
Nick Turvey　2014　Associate　1.5　\$1,050.00　\$1,575.00
Alysha Patel　2022　Associate　1.8　\$825.00　\$1,485.00
Jake White　2021　Associate　2.8　\$900.00　\$2,520.00
Nicolas White　Paralegal　1.8　\$500　\$900.00

Total:　61.2　\$1,058.82　\$64,800.00

Blended Hourly Rate: \$1,058.82
EXHIBIT C
Summary of Actual and Necessary Expenses

Expense Category　Amount

Court Fees　151.24

TOTAL　151.24

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 20 of 36
EXHIBIT D

Fee and Expense Detail

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 21 of 36

1 King William Street London EC4N 7AF

Tel: +44 (0)204 574 1000 accounts@pallasllp.com www.pallasllp.com
INVOICE

Luc Despins　Invoice Date:　27 June 2024

200 Park Avenue　Our VAT No:　391 1218 14
New York　Our Ref:　0001\16126.0001
NY 10166　Invoice No:　2441
United States of America
Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok for the period 01 May 2024 to 31 May 2024

VAT %　VAT \$　VALUE \$

Professional Charges　0.00　0.00　6,090.00

Fees Value　6,090.00
VAT
Invoice Total　0.00
\$6,090.00

For and on behalf of Pallas Partners LLP

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 22 of 36
Fees Summary

Fee Earner　Title　Time (hrs)　Rate (\$)　Value (\$)

Invoice No:　2441
Invoice Period:　01 May 2024 to 31 May 2024
Client/Matter Number:　16126.0001
Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client Name:　Despins, Luc

Alessia de Quincey　Associate　3.40　1,050.00　3,570.00

Jake White　Associate　2.80　900.00　2,520.00
Total Fees　\$6,090.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 23 of 36
Fees Detail

Client Name:
Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:
16126.0001
Invoice Period:　01 May 2024 to 31 May 2024
Invoice No:　2441
Date　Fee Earner　Description　Time (hrs)　Value (\$)
01-May-24　Alessia de Quincey　Atention to counsel advice and emails
on same.　0.70　735.00
02-May-24　Alessia de Quincey　Attention to handover and next steps
and counsel fee applications.　0.80　840.00
02-May-24　Jake White　Reading into matter; call with A. de
Quincey re instructions　0.50　450.00
07-May-24　Jake White　Liaise with Paul Hastings re draft fee
application for UK barrister fees;
amends to draft; call with clerk of UK
barristers re comments to draft and
request Peter Shaw comments to same　0.90　810.00
09-May-24　Jake White　Email 9 Stone Buildings team re draft
fee application　0.10　90.00
11-May-24　Jake White　Review amended draft fee application
received from UK barristers; email to
Paul Hastings re draft fee application
and next steps; review Paul Hastings
follow-up and amends; email to UK
barristers re final application　0.70　630.00
14-May-24　Jake White　Review email from UK barrister re final
fee application; call with Alex Bongartz
(Paul Hastings) re signing and filing
formalities; call with Paul Wright (UK
barrister) re signing and next steps;
circulate signed fee application to Paul
Hastings with confirmation to file　0.60　540.00
20-May-24　Alessia de Quincey　Attention to HSF correspondence.　0.10　105.00
20-May-24　Alessia de Quincey　Attention to client correspondence.　0.10　105.00
20-May-24　Alessia de Quincey　Attention to catch-up.　0.60　630.00
21-May-24　Alessia de Quincey　Attention to telephone conference and
emails.　0.40　420.00
22-May-24　Alessia de Quincey　Attention to emails.　0.20　210.00
28-May-24　Alessia de Quincey　Attention to emails and next steps.　0.50　525.00
Total Value Charged　\$6,090.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 24 of 36

1 King William Street London EC4N 7AF

Tel: +44 (0)204 574 1000 accounts@pallasllp.com www.pallasllp.com
INVOICE

Luc Despins 200 Park Avenue New York NY 10166 United States of America

Invoice Date: 24 July 2024 Our VAT No: 391 1218 14 Our Ref: 0001\16126.0001 Invoice No: 2500

Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok for the period 10 June 2024 to 30 June 2024

VAT %　VAT \$　VALUE \$

Professional Charges　0.00　0.00　20,000.00

Fees Value　20,000.00
VAT
Invoice Total　0.00
\$20,000.00

For and on behalf of Pallas Partners LLP

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 25 of 36
Fees Summary

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:　16126.0001
Invoice Period:　10 June 2024 to 30 June 2024
Invoice No:　2500
Fee Earner　Title　Time (hrs)　Rate (\$)　Value (\$)
Natasha Harrison　Managing　5.30　1,400.00　7,420.00
Partner
Alessia de Quincey　Associate　11.60　1,050.00　12,180.00
Nicholas White　Paralegal　0.80　500.00　400.00
Total Fees　\$20,000.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 26 of 36
Fees Detail

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
16126.0001
Client/Matter Number:
Invoice Period:　10 June 2024 to 30 June 2024
Invoice No:　2500
Date　Fee Earner　Description　Time (hrs)　Value (\$)
10-Jun-24　Natasha Harrison　Attention to file; inter partes
correspondence and strategy.　0.40　560.00
14-Jun-24　Natasha Harrison　Attention to stay application; emails
in/out; liaise internally.　1.20　1,680.00
17-Jun-24　Alessia de Quincey　Attention to correspondence and draft
consent order for Harcus Parker and
emails with client and internal team.　1.20　1,260.00
18-Jun-24　Natasha Harrison　Attention to draft witness statement;
emails in/out with LD; liaise internally;
attention to file.　0.70　980.00
19-Jun-24　Natasha Harrison　Attention to draft letter; emails in/out;
attention to file. Attention to witness
evidence; liaise internally　0.70　980.00
19-Jun-24　Alessia de Quincey　Finalising correspondence and
attention to inter paries
correspondence.　0.60　630.00
20-Jun-24　Alessia de Quincey　Attention to correspondence for
Herbert Smith Freehills and emails on
same.　0.70　735.00
20-Jun-24　Alessia de Quincey　Attention to inter partes
correspondence and client
correspondence.　1.50　1,575.00
24-Jun-24　Alessia de Quincey　Attention to fee application and
invoices and updating submission.　2.50　2,625.00
25-Jun-24　Alessia de Quincey　Attention to liquidation update and
emails on same.　0.60　630.00
26-Jun-24　Natasha Harrison　Emails in/out re: liquidator
appointment; strategy on stay.　0.70　980.00
26-Jun-24　Alessia de Quincey　Attention to call with client on
liquidators.　0.20　210.00
26-Jun-24　Alessia de Quincey　Attention to updating consent order and
inter partes correspondence.　0.90　945.00
27-Jun-24　Natasha Harrison　Attention to email in/out re: stay and JL
appointment.　0.40　560.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 27 of 36

27-Jun-24　Alessia de Quincey　Attention to inter partes
correspondence.　1.50　1,575.00

27-Jun-24　Alessia de Quincey　Ongoing attention to client queries and
correspondence.　0.30　315.00
28-Jun-24　Natasha Harrison　Attention to emails/ correspondence/
draft order; attention to file.　1.20　1,680.00
28-Jun-24　Alessia de Quincey　Attention to finalising consent order
including inter partes correspondence
and emails with client and internal
team.　1.60　1,680.00
28-Jun-24　Nicholas White　Assisting A. de Quincey with
compilation of Notes, filing of extension
of time　0.80　400.00
Total Value Charged　\$20,000.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 28 of 36

1 King William Street London EC4N 7AF

Tel: +44 (0)204 574 1000 accounts@pallasllp.com www.pallasllp.com

Invoice Total \$19,356.24
INVOICE

Luc Despins　Invoice Date:　30 August 2024

200 Park Avenue　Our VAT No:　391 1218 14
New York　Our Ref:　0001\16126.0001
NY 10166　Invoice No:　2586
United States of America
Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok for the period 01 July 2024 to 31 July 2024

VAT %　VAT \$　VALUE \$

Professional Charges　0.00　0.00　19,205.00
Disbursements
Court Costs-Filing Fees　0.00　0.00　151.24
Fees Value　19,205.00
Disbursements　151.24
VAT　0.00

For and on behalf of Pallas Partners LLP

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 29 of 36
Fees Summary

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:　16126.0001
Invoice Period:　01 July 2024 to 31 July 2024
Invoice No:　2586
Fee Earner　Title　Time (hrs)　Rate (\$)　Value (\$)
Natasha Harrison　Managing　1.20　1,950.00　1,680.00
Partner
Alessia de Quincey　Associate　14.80　1,050.00　15,540.00
Alysha Patel　Associate　1.80　825.00　1,485.00

Nicholas White　Paralegal　1.00　500.00　500.00
Total Fees　\$19,205.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 30 of 36
Fees Detail

Client Name:
Matter Name:
Client/Matter Number:　Despins, Luc
Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
16126.0001

Invoice No:　2586
Date　Fee Earner　Description　Time (hrs)　Value (\$)
01-Jul-24　Alessia de Quincey　Attention to emails and Court follow-up
regarding consent order including
additional filing of documents.　1.20　1,260.00
01-Jul-24　Nicholas White　Correspondence with A. de Quincey re
consent order filing; filing same　0.70　350.00
02-Jul-24　Alessia de Quincey　Preparing for and attending call with
counsel including review of prior
counsel advice and emails.　1.40　1,470.00
03-Jul-24　Alessia de Quincey　Attention to ad hoc queries and
assistance on US filing and emails.　1.60　1,680.00
04-Jul-24　Alessia de Quincey　Attention to sealed court order and
inter partes correspondence.　0.60　630.00
04-Jul-24　Nicholas White　Emails with court and A. de Quincey re
order　0.30　150.00
05-Jul-24　Alessia de Quincey　Attention to HP correspondence and
correspondence with counsel on next
steps.　0.40　420.00
08-Jul-24　Natasha Harrison　Attention to emails; attention to draft
correspondence; call with ADQ on draft
and next steps　1.20　1,680.00
08-Jul-24　Alessia de Quincey　Attention to collateral use matters,
including attention to emails and civil
procedure rules, background facts and
review of US filing, preparing for and
attending calls with N. Harrison and
counsel and recommended next steps.　3.70　3,885.00
08-Jul-24　Alysha Patel　Reviewing CPR commentary and
authority re collateral use of documents
in proceedings.　1.80　1,485.00
09-Jul-24　Alessia de Quincey　Attention to draft letters for HP and
Court, including comments from N.
Harrison and counsel, and client
correspondence.　1.50　1,575.00
10-Jul-24　Alessia de Quincey　Attention to finalising correspondence
with Court and Harcus Parker
regarding exhibits included in the US　2.40　2,520.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 31 of 36

proceedings; attention to call with client
on Harcus Parker correspondence;
attention to emails and call with
counsel regard approach.

28-Jul-24　Alessia de Quincey　Attention to HSF correspondence to
the joint liquidators and emails on
strategy response.　0.60　630.00
29-Jul-24　Alessia de Quincey　Attention to coordinating strategy with
client and draft correspondence with
HSF further to HSF correspondence
with UBS.　0.90　945.00
29-Jul-24　Alessia de Quincey　Attention to latest matter developments
in the US and BVI.　0.20　210.00
30-Jul-24　Alessia de Quincey　Finalising HSF correspondence and
emails on same.　0.30　315.00
Total Value Charged　\$19,205.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 32 of 36
Disbursement Detail

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:　16126.0001
Invoice Period:　01 July 2024 to 31 July 2024
Invoice No:　2586
Date　Disbursement　Description　Value (\$)

09-Jul-24　Court Costs-Filing Fees　Vendor: HM Courts & Tribunals　151.24
Service; Invoice#: 1032518; Date:
09/07/2024 - Court costs - 01/07/24 -
FACCT-RBF-0000542065
Commercial Court Applicat
ion to a Circuit Judge
Part 7 Claim-CL-2020-0003
45-16126.0001

Disbursement Value Charged \$ 151.24

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 33 of 36

1 King William Street London EC4N 7AF

Tel: +44 (0)204 574 1000 accounts@pallasllp.com www.pallasllp.com
INVOICE

Luc Despins 200 Park Avenue New York NY 10166 United States of America

Invoice Date: 14 October 2024 Our VAT No: 391 1218 14 Our Ref: 0001\16126.0001 Invoice No: 2692
Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok for the period 12 August 2024 to 30 September 2024

VAT %　VAT \$　VALUE \$

Professional Charges　0.00　0.00　19,505.00

Fees Value
VAT
Invoice Total　19,505.00
0.00
\$19,505.00

For and on behalf of Pallas Partners LLP

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 34 of 36
Fees Summary

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:　16126.0001
Invoice Period:　12 August 2024 to 30 September 2024
Invoice No:　2692
Fee Earner　Title　Time (hrs)　Rate (\$)　Value (\$)
Matthew Getz　Partner　0.20　1,450.00　290.00
Alessia de Quincey　Associate　16.80　1,050.00　17,640.00
Nick Turvey　Counsel　1.50　1,050.00　1,575.00
Total Fees　\$19,505.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 35 of 36
Fees Detail

Client Name:　Despins, Luc

Matter Name:　Luc Despins in his capacity as Ch 11 Trustee of an individual Ho Wan Kwok
Client/Matter Number:　16126.0001
Invoice Period:　12 August 2024 to 30 September 2024
Invoice No:　2692
Date　Fee Earner　Description　Time (hrs)　Value (\$)
12-Aug-24　Alessia de Quincey　Attention to emails with client on latest　0.10　105.00
developments.
16-Aug-24　Alessia de Quincey　Attention to emails with client.　0.10　105.00
19-Aug-24　Alessia de Quincey　Preparing draft letter and consent order
seeking stay extension in English
proceedings and emails with client on
same.　1.60　1,680.00
21-Aug-24　Matthew Getz　Review stay letter.　0.20　290.00
21-Aug-24　Nick Turvey　Exchange with A de Quincey, review
documents; internal call to discuss next
steps and analysis.　0.50　525.00
21-Aug-24　Alessia de Quincey　Attention to correspondence for all
parties regarding UBS stay extension
and emails on same.　1.20　1,260.00
21-Aug-24　Alessia de Quincey　Attention to queries on UK
administration process and outline on
same with client including
consideration of impact on US action.　1.00　1,050.00
23-Aug-24　Alessia de Quincey　Attention to emails on Hamilton
administrators' application to vary
worldwide freezer order and
preliminary attention to application.　1.20　1,260.00
27-Aug-24　Alessia de Quincey　Attention to client queries regarding
Hamilton administrators' application in
UK.　0.80　840.00
27-Aug-24　Alessia de Quincey　Attention to correspondence with
Bowmans regarding application.　0.40　420.00
27-Aug-24　Alessia de Quincey　Attention to seeking listing information
on application.　0.30　315.00
28-Aug-24　Nick Turvey　Call with A de Quincey, review email
and consider issues/client query;
review draft client update from ADQ
and comment on same.　1.00　1,050.00
28-Aug-24　Alessia de Quincey　Preparing for and attending call with
counsel regarding next steps in　0.60　630.00

Case 22-50073 Doc 3699 Filed 10/15/24 Entered 10/15/24 19:03:34 Page 36 of 36

Total Value Charged　\$19,505.00

30-Aug-24　Alessia de Quincey　Attention to finalising consent order
regarding extension stay request in
UBS English proceedings and
correspondence on same with parties.　0.80　840.00
30-Aug-24　Alessia de Quincey　Attention to Hamilton summary from
US team regarding background to
matter and notes on same.　1.00　1,050.00
30-Aug-24　Alessia de Quincey　Attention to emails on next steps
regarding Hamilton administrators'
application.　0.60　630.00
29-Aug-24　Alessia de Quincey　Attention to emails and N. Harrison
update on Hamilton related matters.　0.50　525.00
29-Aug-24　Alessia de Quincey　Attention to updating conflicts check
and emails on same.　0.40　420.00
29-Aug-24　Alessia de Quincey　Attention to correspondence with
administrators' counsel.　0.30　315.00
29-Aug-24　Alessia de Quincey　Attention to correspondence on stay in
UBS proceedings and emails liaising
with client on same.　0.70　735.00
29-Aug-24　Alessia de Quincey　Attention to client and counsel
comments on letter from client to
administrators and updating based on
input and attention to exhibits.　1.80　1,890.00
administrators raising concerns
regarding application to vary worldwide
freezing order and further attention to
application in respect of same.
28-Aug-24　Alessia de Quincey　counsel.
Attention to drafting letter to　1.80　1,890.00
28-Aug-24　Alessia de Quincey　client on Hamilton administrator
proceedings and agreeing strategy.
Attention to emails with client and　0.60　630.00
28-Aug-24　Alessia de Quincey　and K Legacy client query.
Preparing for and attending call with　1.00　1,050.00
Hamilton administrator proceedings