Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Business extinguishment
  • 30 Mar 2010

    HAPPY DRAGON RESTAURANT LTD v. THE DIRECTOR OF LANDS

    Citation
    HAPPY DRAGON RESTAURANT LTD v. THE DIRECTOR OF LANDS
    Court
    Court of Appeal
    Case number
    CACV201/2009

    The Tribunal erred as a matter of law and fact in rejecting the disturbance claim and in finding the applicant had the financial means and opportunity to relocate; disturbance losses for actual loss of fittings and non‑transferable licences are compensable notwithstanding non‑relocation; on the evidence a 10% per annum depreciation rate applied to fittings; on the evidence the Tribunal's conclusions that bridging finance or additional provisional compensation would have been available were unsupported and thus the extinguishment claim cannot be rejected on that basis—liability for extinguishm…