Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Business loss valuation
  • 11 Apr 1986

    WAN FUNG CHUN AND ANOTHER v. LEE KWOK HUNG

    Citation
    WAN FUNG CHUN AND ANOTHER v. LEE KWOK HUNG
    Court
    Court of First Instance
    Case number
    HCA4006/1984

    On the unchallenged evidence the Senior Master accepted the plaintiffs' factual case, made quantified findings of loss using housekeeping evidence for dependency and bank statements for business savings, adopted a multiplier of 12 based on recent awards and practice, and awarded specified sums for business loss, pre-trial and post-trial employment loss, funeral expenses and loss of expectation of life; he apportioned HK$100,000 for the child to be held by the Registrar, fixed interest rates for special and general damages, and ordered costs to the plaintiffs with a certificate for counsel and…