SUPREME COURT RULING
DAR told to pay for Luisita lots
By Tonette Orejas, Inquirer Central Luzon
May 14, 2012
CITY OF SAN FERNANDO— The Supreme Court has ruled that Hacienda Luisita Inc. (HLI) is entitled to just compensation for the home lots it gave to farmers who will now get land on the company’s sugar plantation through agrarian reform.
In a resolution dated April 24 but released only last week, the Supreme Court said HLI should be paid since the stock distribution program that covered the home and farm lots in 1989 was revoked by the Presidential Agrarian Reform Council (PARC) in 2005 to clear the way for land distribution.
Each measuring 240 square meters, the home lots were considered part of the farmers’ benefits as shareholders in HLI, a company owned by the family of President Benigno Aquino III.
Resolving questions that arose from the revocation of the stock option, the court ordered the government to pay HLI, through the Department of Agrarian Reform (DAR), for the home lots.
Read full article @ newsinfo.inquirer.net
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