26 Jun 1996
LIU CHIU t/a YEENA FASHION CENTRE v. DIRECTOR OF LANDS
- Citation
- LIU CHIU t/a YEENA FASHION CENTRE v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR13/1995
Relocation was not reasonable on the facts (previous branch had failed, insufficient grounds to expect successful relocation and claimant lacked funds); therefore treat as total extinguishment; annual profit trend fixed at HK$500,000, multiplier of 2 for goodwill (HK$1,000,000); profit rent assessed at HK$57,000; forced sale of stock compensation HK$500,000; fixtures and fittings HK$230,000; aggregate compensation determined and awarded at HK$1,800,000 with costs and leave reserved for interest.