• SC set to issue PIATCO ruling

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    The Supreme Court (SC) is poised to promulgate its decision ordering the government to pay the Philippine International Air Terminals Co. Inc. (PIATCO) for taking ownership of the Ninoy Aquino International Airport (NAIA) Passenger Terminal 3.

    Well-placed sources in the High Court said the magistrates have finished voting on the case during their regular Tuesday’s en banc session.

    The justices concurred with the ruling penned by Associate Justice Arturo Brion that ordered the Philippine government to pay PIATCO. The source said the voting was unanimous.

    The source said the SC ruling modifies the ruling of the Court of Appeals (CA) issued in August 2013. The CA ruling modified the decision of the Pasay City Regional Trial Court (RTC) Branch 117 awarding just compensation to Piatco in the amount of $175.79 million.

    The source said SC justices will sign the decision that will contain the new computations, including interest, to be paid to PIATCO on Wednesday.

    The tribunal has ruled that there shall be no premature releases of decisions unless the decision or resolution is signed by the justices and promulgated by the Clerk of Court. This policy was the offshoot of the dispute between Justices Marvic Leonen and Lucas Bersamin involving the bail petition of Senator Juan Ponce Enrile.

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