14 Feb 1997
LI PO CHUN ESTATES LTD v. DIRECTOR OF LANDS
- Citation
- LI PO CHUN ESTATES LTD v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR5/1996
The Tribunal held the High Court proceedings were properly connected to the compensation claim and awarded the applicant its own solicitor-client costs in those proceedings (excluding party and party costs by consent); held that 24-hour fixed and call deposits qualify as time deposits for s.17(3A) purposes and the applicable lowest rate should be taken from a single bank's daily lowest rates rather than an artificial cross-bank average; because the Crown unreasonably delayed payment the Tribunal increased the lowest time deposit rate by 1% p.a. and fixed interest at 3.0627% for 10 Jul 1992–27…