12 Apr 2010
THE HONG KONG ELECTRIC CO. LTD v. COMMISSIONER OF RATING AND VALUATION
- Citation
- THE HONG KONG ELECTRIC CO. LTD v. COMMISSIONER OF RATING AND VALUATION
- Court
- Lands Tribunal
- Case number
- LDRA358/2004
For the final order the Tribunal must use the 31 March 2004 accounts as the best proxy for the state of assets as at 1 April 2004 under s.7A(2) RO; HEC's causes of action were constituted when the appeals were lodged and thus interest under s.12B LTO is available for pre-judgment and post-judgment periods; pre-judgment interest is awarded at HEC's actual borrowing rates for 2004–2009 as evidenced, with judgment rate from the date of judgment; HEC substantially succeeded and is entitled to costs nisi to be taxed if not agreed.