4 Oct 2011
HAPPY DRAGON RESTAURANT LTD v. DIRECTOR OF LANDS
- Citation
- HAPPY DRAGON RESTAURANT LTD v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR17/2006
Adopt Respondent expert's methodology with Tribunal adjustments: include pro‑rata administrative fee and sundry income, deduct imputed shareholder interest of $300,000, reject Applicant's loss‑revenue adjustment, and apply a multiplier of 5.6568 (years purchase for 8.75 years at 10% derived from BLR 5% +4% risk +1% ancillary‑lease risk) yielding compensation of $7,027,710 for extinguishment of business.