Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Future losses

  • 7 Feb 2013

    CHAN PAK TING v. CHAN CHI KUEN AND ANOTHER

    Citation
    CHAN PAK TING v. CHAN CHI KUEN AND ANOTHER
    Court
    Court of First Instance
    Case number
    HCPI235/2011

    Cookson v Knowles assumption of a 4.5% net real return is no longer valid in Hong Kong. The court set differentiated discount rates by duration based on reasonable investment portfolios and recent historical performance: -0.5% for plaintiffs with future needs up to 5 years; 1% for needs up to 10 years; 2.5% for needs exceeding 10 years. Management fees should be deducted where the chosen portfolio requires active management; wage-price differentials in Hong Kong are insufficiently large to justify separate earnings and non-earnings rates at present. The appropriate portfolio mixes and histori…

  • 24 Jan 1980

    CHIK SHIU SHEUNG-MAN v. LEUNG WAI-HUNG AND ANOTHER

    Citation
    CHIK SHIU SHEUNG-MAN v. LEUNG WAI-HUNG AND ANOTHER
    Court
    Court of First Instance
    Case number
    HCA3170/1979

    The court held that the proved special expenses of $329,742.50 were reasonably incurred and recoverable; future losses are to be calculated using a locally adjusted life expectancy and a reduced years' purchase (six) because of high prevailing interest rates; overall damages were aggregated, apportioned 70% to defendants, and interest awarded under the differentiated bases described in the judgment.