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Just compensation for Luisita to be set by DAR, LBP, RTC By Benjamin B. Pulta 05/04/2012

Friday, May 4, 2012

Just compensation for Luisita to be set by DAR, LBP, RTC

By Benjamin B. Pulta 05/04/2012

The Supreme Court (SC) yesterday released the full text of its April 24, 2012 ruling placing Hacienda Luisita, the vast sugar estate in Tarlac owned by the family of President Aquino under the government’s agrarian reform program.

In its ruling, the high court through Senior Associate Justice Presbitero Velasco warned that the ruling of the majority of the magistrates to set 1989 as the reckoning point for determining actual just compensation due to the hacienda’s owners should not be used by parties to delay the incidental proceedings still to be taken up by the regional trial court (RTC) acting as a special adjudication court (SAC).

Giving in to the demands of the hacienda to set 2006 as the reckoning point for compensation for hacienda, the court explained ,would expose farmer workers to more hardships in terms of higher amortization, among other things..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20120504nat3.html

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