29 Jul 1982
KINGEARN CO LTD v. LEE WOO-BUN AND OTHERS
- Citation
- KINGEARN CO LTD v. LEE WOO-BUN AND OTHERS
- Court
- District Court
- Case number
- DCCJ7179/1981
The court granted possession because, after the plaintiff increased its paid-up capital to HK$10,000,000, the plaintiff demonstrated sufficient intention and financial capacity to rebuild under s53(2)(c); the court exercised its discretion on compensation and, considering outdated rateable values and current rental levels, awarded compensation equal to four times the rateable value as reasonable; possession was ordered subject to payment schedule, lodging of plans and commencement/completion conditions and a stay of execution to 28 January 1983.