Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Sealed offers
  • 11 Aug 2021

    CHIU YUEN YIN previously known as CHIN SHIK SHIM v. THE DIRECTOR OF LANDS

    Citation
    [2021] HKLdT 57
    Court
    Lands Tribunal
    Case number
    LDLR1/2019

    Court fixed pre-judgment interest at prime plus 1% from 20 January 2019 to 15 September 2020 (period up to lapse of 2nd sealed offer) and at the minimum 24-hour deposit rate from 16 September 2020 to 12 April 2021; court found applicant's rejection of sealed offers justified such that penalty applies only from lapse of sealed offer; court found no special reason to depart from compensation approach and ordered respondent to pay applicant's professional remuneration and costs from 20 January 2019; awarded costs of this decision to applicant.