“…d there is no plausible interpretation of it competing with Mrs Alberti’s. In these circumstances, as Lewison L.J. said in Harbinger CapitalPartners v Caldwell [2013] EWCA Civ 492 (at paragraph 23), whilst the valuer must not depart from the real world further than the hypothesis compels, it is necessary to give that hypothesis “full eff…”
“…I expanded on the reality principle in Harbinger Capital Partners v Caldwell [2013] EWCA Civ 492. Although mine was a dissenting judgment, I do not think that my colleagues (Mummery and Beatson LJJ) disagreed with my statement of principle. They disagreed …”
“…The following points amplify the reality principle. All are well supported by authority (which I described more fully in Harbinger Capital Partners v Caldwell [2013] EWCA Civ 492, although that case was not cited to us):…”