ELTRON DEVELOPMENT LTD v. DIRECTOR OF LANDS
Leave to appeal refused because respondent failed to show a point of law with a reasonable prospect of success and failed to adduces evidence at trial to displace the Prime+1% presumption; Tribunal exercised its discretion appropriately; costs awarded to applicant.
- Citation
- ELTRON DEVELOPMENT LTD v. DIRECTOR OF LANDS
- Parties
- Applicant: Applicant; Respondent: Respondent
- Court
- Lands Tribunal
- Jurisdiction
- Hong Kong
- Judgment Date
- 18 May 2016
- Case Number
- LDLR4/2013
- Procedural Posture
- Compensation Determination Under Lands Resumption Ordinance (cap 124) / Application for Leave to Appeal (inter Partes Summons)
- Outcome
- Application for leave to appeal dismissed
- Legal Topics
- Pre Judgment Interest, Leave to Appeal, Compensation Assessment, Evidence Admissibility
- Source Language
- EN
Case Brief
Summary, issues, holding and outcome
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Parties
Applicant
Applicant
Respondent
Respondent
Procedural Posture
Compensation Determination Under Lands Resumption Ordinance (cap 124) / Application for Leave to Appeal (inter Partes Summons)
Legal Issues
- 1 Whether the Tribunal erred in law or in the exercise of discretion in fixing interest under section 17(3A) of the Lands Resumption Ordinance
- 2 Whether the Tribunal failed to take into account alternative approaches to fixing pre-judgment interest (eg Bank of England base rate +1%, fixed low rates adopted in some authorities, or deposit rates under s17(3B))
- 3 Whether the Tribunal failed to take into account relevant evidence including the rental income of the resumed property when fixing interest
Ratio Decidendi
Leave to appeal refused because respondent failed to show a point of law with a reasonable prospect of success and failed to adduces evidence at trial to displace the Prime+1% presumption; Tribunal exercised its discretion appropriately; costs awarded to applicant.
Court Disposition
Application for leave to appeal dismissed
Orders
- Respondent's application for leave to appeal dismissed
- Respondent to pay applicant costs of the application for leave to appeal with certificate for counsel, to be taxed at High Court scale if not agreed
Full Case Text
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