By a unanimous vote, the Supreme Court has ordered the distribution of almost 5000 hectares of land to farmers and fixing the valuation for just compensation to 1989 price value.
For as long as this will make Kris Aquino miserable, I'm for it. I hate her. Mabuhay!
The Supreme Court by a unanimous vote of 14 ended the decade old land dispute and ordered the distribution of almost 5,000 hectare land to farmers and fixing the valuation for just compensation to 1989 value of the land. High Court Spokesman Jose Midas Marquez said 8 justices voted that the basis for just compensation for its 4,915.75 hectare vast sugarland plantation be the valuation of the land in 1989. The eight justices are Chief Justice Renato Corona, Associate Justices Presbitero Velasco, Arturo Brion, Teresita Leonardo De Castro, Roberto Abad, Jose Perez. Jose Mendoza, and Martin Villarama. The six justices who voted that the determination of valuation for just compensation be given to the Special Agrarian Court are Associate Justices Lucas Bersamin, Maria Lourdes Sereno, Diosdado Peralta, Mariano Del Castillo, Bienvenido Reyes and Estela Perlas-Bernabe. The high court affirmed its Nov. 22, 2011 landmark ruling which held that just compensation due Hacienda Luisita, Inc. (HLI) should be based on the valuation of the land on Nov. 21, 1989, the day the Presidential Agrarian Reform Council (PARC) approved Luisitaâ€™s stock distribution option agreement (SDOA).