16 Oct 2012
LI KA WAI AND ANOTHER v. HOSPITAL AUTHORITY
- Citation
- LI KA WAI AND ANOTHER v. HOSPITAL AUTHORITY
- Court
- Court of First Instance
- Case number
- HCPI671/2007
Sufficient evidence of a substantial change in the economic landscape since the 1996 Court of Appeal decision justified granting leave to adduce actuarial and economic evidence and ordering a trial of the preliminary issue on whether the 4.5% net rate of return assumption remains valid in Hong Kong; experts may give opinion on historical data and current conditions but not definitive forecasts of future economic developments; actuarial Chan Tables are admissible and should be the starting point for multipliers subject to judicial adjustment for vicissitudes of life.