16 Oct 2017
DIRECTOR OF LANDS v. PENNY\'S BAY INVESTMENT CO LTD
- Citation
- DIRECTOR OF LANDS v. PENNY\'S BAY INVESTMENT CO LTD
- Court
- Court of Final Appeal
- Case number
- FACV8/2017
The Court held that 'godown purposes' in the Grant does not extend to open land mid-stream storage (so PBIC's appeal on construction fails) and that for the after valuation the correct approach is to assume, for valuation purposes, that the reclamation which caused loss of marine rights was to be treated as certain to occur (so the Director's appeal on valuation assumption succeeds).