17 Jul 1996
Hung Kwai Hung t/a Hong Kee Electroplating Factory v. Director of Lands
- Citation
- Hung Kwai Hung t/a Hong Kee Electroplating Factory v. Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR16/1995
Under s.10(2)(d) the applicant was entitled to compensation restoring him to the position he would have occupied but for the resumption; the Tribunal accepted adjusted annual profit trends of HK$320,000 and applied a multiplier of 2 for goodwill (HK$640,000), assessed loss of profits at HK$482,000, valued machinery/equipment at HK$518,316 less auction proceeds HK$33,000 = HK$485,316, fixtures and fittings at HK$963,000, profit rent at HK$104,000 and allowed ancillary costs, resulting in total compensation of HK$2,800,000; expert valuation evidence lacking trade-specific knowledge was rejected…