15 Nov 2016
PENNY’S BAY INVESTMENT CO LTD v. DIRECTOR OF LANDS
- Citation
- PENNY’S BAY INVESTMENT CO LTD v. DIRECTOR OF LANDS
- Court
- Court of Appeal
- Case number
- CACV120/2015
The Court refused to make additional declarations, set aside the Tribunal's award and remitted the case to the Tribunal to determine compensation in accordance with the Court's judgment, held that valuation must use the same prevailing market expectations for Before and After values (so no differential deferment or risk adjustment for After Value), ordered each party to bear their own costs of the appeals and refused both applications for leave to appeal to the Court of Final Appeal.