25 Mar 1983
PFIZER CORPORATION v. THE HONG KONG LAND CO LTD
- Citation
- PFIZER CORPORATION v. THE HONG KONG LAND CO LTD
- Court
- Lands Tribunal
- Case number
- LDLA8/1982
The Tribunal held that 'disregarding the effect of this Ordinance' in s.115 means the Tribunal must not take into account any inflationary or deflationary effect on rents caused by the operation of Cap.7 and must instead assess the fair market rent by reference to the real current market at the date of the hearing using proper comparables and adjustments, leading to an assessed F.M.R. of $34,000 per month exclusive and grant of a two‑year tenancy from 11 March 1983 with rent payable from 1 July 1982.