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Сентябрь
2023

Escalation clauses: Fair or over-the-top?

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(Conclusion) The Supreme Court declared as void another escalation clause, which authorizes the lessor, seller, or some other party to raise the base price up to a fixed percentage, in view of specified cost increases, in Spouses Limso v. Philippine National Bank. In this case, Spouses Robert and Nancy Limso (“Spouses Limso”) and Davao Sunrise



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