“…e subject of the valuation, the greater the weight that can be given to the comparable. As Carnwath LJ put it in Earl Cadogan v Sportelli [2007] EWCA Civ 1042, [2008] 1 WLR 2142 at [87]:…”
“…henia model. One of the functions of the UT is to provide definitive guidance to tribunals on valuation matters: Earl Cadogan v Sportelli [2007] EWCA Civ 1042, [2008] 1 WLR 2142 at [99]. In my judgment the UT was well within the scope of its functions in ruling out future use of the Parthenia model in its current form. Second, we were …”