14 Jan 2000
Dr. Lui Tat Hung v. The Director of Lands
- Citation
- Dr. Lui Tat Hung v. The Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR1/1998
The Tribunal adjusted the unaudited accounts (disallowing inflated management fees and certain depreciation, and removing double rent already compensated), selected 1995/96 as the base year (rejecting 1993/94 as aberrant), applied adjusted growth rates (15% for 1995/96→1996/97, then 10% and 5% for subsequent years reflecting economic conditions), calculated compensatable losses for the identified years (pre-resumption 1996/97 and post-resumption to March 1999), held losses beyond March 1999 barred by s.12(c), and awarded total compensation of HKD 2,800,000 with leave reserved for interest and…