Supreme Court of Panama voids Panama Canal port contracts held by Hong Kong subsidiary
The Supreme Court of Panama has voided contracts for container terminals at the Panama Canal. The ruling impacts a Hong Kong-based subsidiary's operations.
Insights:
The Supreme Court of Panama 
PAhas voided the long-standing contracts held by Panama Ports Company to operate container terminals at the Pacific and Atlantic entrances of the Panama Canal. In an announcement on Thursday, the court found that the agreements failed to serve the public interest and social welfare, effectively removing the legal basis the company cited for those long-standing concessions. Panama Ports Company is a subsidiary of a Hong Kong 
HKbased unit of CK Hutchison Holdings Limited .
PAhas voided the long-standing contracts held by Panama Ports Company to operate container terminals at the Pacific and Atlantic entrances of the Panama Canal. In an announcement on Thursday, the court found that the agreements failed to serve the public interest and social welfare, effectively removing the legal basis the company cited for those long-standing concessions. Panama Ports Company is a subsidiary of a Hong Kong HKbased unit of CK Hutchison Holdings Limited .
