Thursday, November 24, 2011

SC Favor Farmers of Hacienda Luisita

Based on the 56 pages decision of the Supreme Court, 14-0 votes in favor of the farmers of Hacienda Luisita. Five thousand  (5,000 hectares) will be distributed to its 6,000 tenants.Farmer- benificiaries will have to pull out their share of stocks from Hacienda Luisita International but will be paid  P1,330,511,500.




There will be no tax, fees and other charges in transferring of stokcs and all non -qualifying members will stay as stokholders of HLI. According to Antonio Ligon, spokesperson of HLI they will follow the court order.


“We still have to look at all angles of the decision, pero ang maganda dito, positive naman itong decision. Walang aversion. We are not against the land distribution ruling,” said Ligon.


There's still no comments from Malacanang regarding the decision,  "We have not seen a copy of the decision yet and we will defer comment until such time," said presidential spokesperson Edwin Lacierda.
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