And in this case, where the modest damages and 95 % of the huge costs will be borne
presumably by the management company (unless their solicitors ran the defence on a conditional fee arrangement), the claimant will theoretically end up paying a percentage of the costs award herself out of her share of the management fund, added to which inter-lessee relations will hardly have been improved by this appreciable charge to the fund to which all must contribute.
9)
Presumably to maintain its status as a public
company entity with no operating business,
Management and the Board have deemed it necessary to spend $ 2.7 million in audit and tax fees in 2007, and continue this in 2008
by spending an additional $ 666,000.