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
- CACV115/2015
The Court held there should be no differentiation between the 'Before Value' and 'After Value' in respect of deferment period and uncertainty/risk — both values must be assessed by reference to the same prevailing market expectations; the Lands Tribunal's award is set aside and the case remitted to the Tribunal to determine compensation in accordance with this Court's judgment; declarations were unnecessary; costs of the appeals ordered that each party bear their own costs; leave to appeal to the Court of Final Appeal was refused for both parties.