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What is PNCC Lease Dispute Ruling Explained about?

The Supreme Court ruled that Philippine National Construction Corporation (PNCC) is obligated to pay the first annual rental from the date of issuance of the Temporary Use Permit and cannot terminate the lease contract due to unforeseen events or financial difficulties. The court affirmed that the principle of rebus sic stantibus does not apply and that the non-materialization of PNCC

Author

Mary grace Apostol

Language

EN