Cited Laws
TL;DR — Ruling
WHEREFORE, premises considered, judgment is hereby rendered fixing the amount of just compensation for 805 square meters of the subject parcel of land expropriated at Two Hundred Pesos per square meter which is equivalent to One Hundred Sixty[-]One Thousand Pesos. The City Government of Pasay is hereby directed to pay Arellano University: 1) the amount of One Hundred Sixty[-]One Thousand Pesos as just compensation plus legal interest of twelve percent (12%) per annum from 1978 until 2018; and 2)…
WHEREFORE, premises considered, judgment is hereby rendered fixing the amount of just compensation for 805 square meters of the subject parcel of land expropriated at Two Hundred Pesos per square meter which is equivalent to One Hundred Sixty[-]One Thousand Pesos. The City Government of Pasay is hereby directed to pay Arellano University: 1) the amount of One Hundred Sixty[-]One Thousand Pesos as just compensation plus legal interest of twelve percent (12%) per annum from 1978 until 2018; and 2) an indemnity for damages on the total amount of just compensation which shall earn legal interest in the amount of six percent per annum. SO ORDERED.