28 Nov 2012
LEHMAN & CO MANAGEMENT LTD v. EFFISCIENT LTD AND ANOTHER
- Citation
- LEHMAN & CO MANAGEMENT LTD v. EFFISCIENT LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW377/2010
The Court accepted and applied the Court appointed expert's valuation and methodology, rejected Lehman's late attempt to adduce additional expert evidence for procedural non‑compliance, found Effiscient proved compensable damage on the balance of probabilities using the available evidence, and therefore fixed the company value at US$2,800,000, Lehman's 50% share at US$1,400,000 and damages payable by Lehman to Effiscient at US$716,055.