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Heirs vs. LBP: Just Compensation Case by Anonymous UEyi81Gv is a document available to read on EtoBox.

1) The deceased spouses owned 32 hectares of land that was expropriated by the government in 1972 under PD 27. In 1990, LBP offered to pay PHP 182,549.98 in compensation, mostly in LBP bonds. 2) The heirs rejected this, arguing the compensation should be PHP 2.7 million. The court ordered LBP to pay the original offer amount according to EO 228 provisions. 3) Applying EO 228 would result in unjust compensation as the heirs were deprived of the land

Author

Anonymous UEyi81Gv

Language

EN