Saturday, February 3, 2018

Right of Way (ROW)

Article 649 of the Civil Code provides that “the owner, or any person who by virtue of a real right may cultivate or use any immovable, which is surrounded by other immovables pertaining to other persons and without adequate outlet to a public highway, is entitled to demand a right of way through the neighboring estates, after payment of the proper indemnity.”


Government has right of eminent domain, which means if a piece of property is required for a road, railroad or any other public infrastructure, government can get that property, but must pay the owner just compensation. Many times, this ends up in court over the computation of compensation. For private companies it’s more difficult to resolve. Some cell sites of telecommunication companies or infrastructure projects couldn’t proceed because of this problem.


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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...