Former leading stockbroker Arthur Lai Cheuk-kwan dropped his lawyer yesterday, just 24 hours into what may be a two-year court battle over fraud and dishonesty charges. Lai, 43, has spent a second night in custody after being unable to raise the $10 million bail set by the court when he and four others were arrested and charged on Monday. His former lawyer said he had been dropped and another lawyer hired immediately, although there was no hearing scheduled yesterday at which Lai could apply for his bail to be reduced. But Lai's elder brother Raymond Lai Chik-fan, 47, walked out of the Lai Chi Kok Reception Centre cells yesterday after raising his $2 million bail. The Lai brothers, Taiwan businessman David Tong Cun-lin, 47, film producer Jade Hsu Jye, 39, and Peter Mou Chi-luen face a range of offences arising from a deal in which Australian entrepreneur Alan Bond sold his Hong Kong company to Tomson Pacific. The Commercial Crime Bureau team investigating the case has not been disbanded despite the five arrests. The case is expected to be one of a select number to be tried under the procedures in the Complex Commercial Crimes Ordinance. A Legal Department spokesman said yesterday such cases occurred 'not very often'. Previous cases include the action against former stock exchange chairman Ronald Li Fook-shiu. The ordinance allows cases to be transferred directly to the High Court without lengthy committal procedures, and allows a judge to show to a jury evidence which may be ineligible in normal circumstances.