20 Jun 2012
AU-YEUNG PING KI t/a CLEAR OPTICAL v. THE DIRECTOR OF LANDS
- Citation
- AU-YEUNG PING KI t/a CLEAR OPTICAL v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR2/2010
Claimant entitled to compensation for partial loss of goodwill and reasonable renovation and removal expenses resulting from relocation caused by resumption; pre-resumption loss of profit and loss of fixtures were rejected as insufficiently causally connected or too remote; Tribunal adopted a cautious valuation methodology (combined profit periods, discarded an outlier year, applied 3 and 1.5 years' purchase respectively, deducted interest on capital at 2%) and awarded total compensation of HKD 1,107,000, with ancillary matters adjourned.