19 Feb 2016
CHAN LUEN YAN AND OTHERS v. CHAN TIN CHAI AND OTHERS
- Citation
- CHAN LUEN YAN AND OTHERS v. CHAN TIN CHAI AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV161/2013
The Court of Appeal dismissed the petitioners' appeal because the independently appointed valuer's revised NAV and per‑share valuation were reasonable and within instructions, there was no demonstrable patent error in the valuer's methodology, the judge correctly applied the agreed contractual terms and audited accounts (including using contractual rent and the 2.5% agreed interest), the impairment and write‑down of the investment were justified by CLC Ltd's audited deficits, there was no evidential basis to quantify any goodwill, and no basis existed to order repayment of shareholder loans i…