Wednesday, September 7, 2011

Interest on awards in judgments - G.R. No. 179675

G.R. No. 179675

"x x x.

In line with our ruling in Eastern Shipping Lines, Inc. v. Court of Appeals,[22] the legal interest to be paid on the amount shall be 12% per annum, which shall commence from April 18, 1990, when respondent filed the Complaint for Specific Performance with the RTC, Branch 73, Malabon, in Civil Case No. 1433-MN, which shall be considered as judicial demand, until the finality of this Decision. Another 12% interest per annum shall be paid on the amount due and owing as of and from the date of finality of the Decision until full payment.

x x x."