11 Mar 2011
VENNEX LTD v. LEUNG CHUNG CHING AND OTHERS
- Citation
- VENNEX LTD v. LEUNG CHUNG CHING AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS6000/2009
The Tribunal held that the statutory phrase 'a valuation report prepared not earlier than 3 months before the date on which the application is made' refers to the date the report was prepared/signed/completed rather than the internal date to which a valuation refers; the Applicant's report complied. The Tribunal accepted the EUV valuations as fair and reasonable, found redevelopment justified by the building's age and dilapidation on expert evidence, found the Applicant took reasonable steps and made fair offers to acquire remaining shares, and therefore granted an order for compulsory sale a…