KWM report reveals administrators spent £25k on Hong Kong flights as costs overrun estimates

Legal costs incurred during administration rise to almost three times the original estimate

A new progress report from the administrators of King & Wood Mallesons’ (KWM) former European arm has revealed further details of the costs racked up during the process, with legal spend and air fares both far exceeding original estimates.

The report reveals that the administrator, Quantuma, has spent more than £25,000 on two flights to Hong Kong to meet with KWM partners, after originally estimating that it would spend a total of just £853 on air fares.

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