Panama Supreme Court Ruling Annuls Port Contracts and Clouds Multi Billion Dollar CK Hutchison Deal
Panama's Supreme Court has annulled major container terminal contracts. The ruling creates uncertainty for a proposed twenty-three billion dollar asset sale.
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The Supreme Court of Panama 
PAhas annulled key contracts held by Panama Ports Company, a subsidiary of CK Hutchison Holdings Limited , to operate container terminals along the Panama Canal. This judicial decision has introduced substantial legal and commercial uncertainty, casting a shadow over a proposed $23 billion sale of the company's port operations to an international consortium.
PAhas annulled key contracts held by Panama Ports Company, a subsidiary of CK Hutchison Holdings Limited , to operate container terminals along the Panama Canal. This judicial decision has introduced substantial legal and commercial uncertainty, casting a shadow over a proposed $23 billion sale of the company's port operations to an international consortium.
