Victory?
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Pasay City’s Regional Trial Court (RTC) has ruled that the government must pay the Philippine International Air Terminal Corp. a fifth of what Piatco has been asking for, by way of expropriation payment.
The amount was more or less what the Aquino government wanted to pay Piatco, which is probably the reason it claimed a court victory — as the court ruled out additional Piatco payments of interest, among others.
The court junked Piatco’s claim of $846.42 million, which amount included inflation and interest. This was rejected by the RTC judge despite the recommendation of a special board of commissioners that Piatco should be paid $376.14 million..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110526com1.html
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