30 Apr 2013
BEST EPOCH HOLDINGS LTD v. KAM CHAN & CO, LTD
- Citation
- BEST EPOCH HOLDINGS LTD v. KAM CHAN & CO, LTD<br>
- Court
- Lands Tribunal
- Case number
- LDCS21000/2011
Applicant satisfied statutory ownership threshold by operation of the s.3(5) Notice (80% threshold); expert evidence established the Building is in poor structural and fire-safety condition and repair costs are substantial, so redevelopment is justified under s.4(2); Applicant took reasonable steps to acquire Respondent’s shares by offers and mediation; EUV for apportionment accepted on the garage-basement scenario ($79,070,000 total; Respondent $9,780,000); RDV accepted for reserve price and fixed at $162,000,000; order for sale by public auction granted with trustees appointed and no order…