29 Jun 1992
SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME I)
- Citation
- SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME I)
- Court
- Lands Tribunal
- Case number
- LDLR18/1987
The Tribunal held that business losses caused by public knowledge of a resumption scheme prior to formal notice can be compensable if the loss is the direct, natural and reasonable consequence of the resumption process; applying that test it awarded past loss of profits of HK$13,736,000 for the shadow period. The Tribunal rejected SFI's relocation claim as unreasonable and disproportionate to the going-concern value (taking into account viability, commercial returns, lack of a viable relocation prospect at the critical date and NWD funding behaviour) and therefore assessed compensation on an…