29 Jul 2024
KEENRICH TRADING LTD v. THE DIRECTOR OF LANDS
- Citation
- [2024] HKLdT 65
- Court
- Lands Tribunal
- Case number
- LDLR1/2022
Because the land reverted before 1 September 2023 the pre-amendment s17 applied; the applicant had been kept out of the compensation from 5 December 2020 until receipt of provisional payment on 6 October 2022 and the 24‑hour call rate was insufficient to compensate; accordingly the Tribunal fixed interest at HSBC's prevailing best lending rate plus 1% for the period 5 Dec 2020 to 5 Oct 2022, ordered refund of the small overpayment with interest, and held that rejection of a reasonable sealed offer justified awarding the respondent's costs incurred after the sealed offer expiry while the respo…