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Legal Interest in Expropriation Case by breeH20 is a document available to read on EtoBox.

What is Legal Interest in Expropriation Case about?

The document is a resolution from the Supreme Court of the Philippines regarding the applicable interest rate for an expropriation case. It finds that (1) interest is due on the unpaid balance of just compensation from the date of taking to compensate for lost income potential; (2) the rate should be 12% annually from the date of taking until June 30, 2013, and 6% annually thereafter in line with new Central Bank guidelines; (3) the date of taking, from which interest accrues, is the date possession was gra

Author

breeH20

Language

EN