29 Jul 1982
KINGEARN CO LTD v. LEE WOO-BUN AND OTHERS
- Citation
- KINGEARN CO LTD v. LEE WOO-BUN AND OTHERS
- Court
- District Court
- Case number
- DCCJ7182/1981
After the plaintiff increased its paid-up capital to $10,000,000 and demonstrated financing through mortgages and bank facilities, the court was satisfied the plaintiff had a genuine intention and financial capability to rebuild; the court exercised its discretion under Section 53A(4)(a)(iii) to award compensation equal to four times the rateable value as reasonable given rent inflation and local factors, and granted possession subject to specified conditional orders and a stay.