15 Nov 2016
PENNY’S BAY INVESTMENT CO LTD v. DIRECTOR OF LANDS
- Citation
- PENNY’S BAY INVESTMENT CO LTD v. DIRECTOR OF LANDS
- Court
- Court of Appeal
- Case number
- CACV16/2015
The Court declined to convert the judgment into broad declarations and instead set aside the Tribunal's award and remitted the matter to the Lands Tribunal to determine compensation in accordance with this Court's judgment; the Court held that Before and After values must be assessed by reference to the same valuation date and prevailing market expectations and that no differentiation should be made between those values in respect of deferment period and risk adjustments as a matter of law; Scenario 3 was rejected as speculative and unsupported by evidence; costs of the appeals were ordered t…