The Panamanian government has issued a decree to occupy two ports at the entrances of the Panama Canal, following a Supreme Court ruling that declared the concession held by CK Hutchison unconstitutional.

Decision follows Supreme Court ruling which ejected ports’ operator, Hong Kong’s CK Hutchison

The Panamanian government issued a decree ordering the occupation of two ports at the entrances to the Panama Canal, based on a Supreme Court ruling that declared a concession held by CK Hutchison unconstitutional.

The Panamanian government has issued a decree to occupy two ports at the entrances of the Panama Canal, following a Supreme Court ruling that declared the operating concession held by a Hong Kong-based company invalid.

The government of Panama issued a decree ordering the occupation of two ports at the entrances to the Panama Canal, following a Supreme Court ruling that declared the management concession held by CK Hutchison unconstitutional.

Hong Kong-based CK Hutchison Holdings asked the Panamanian government on Thursday to enter negotiations to allow it to continue operating the Panama Canal’s two terminal ports, a company spokesperson said. Panama’s Supreme Court last month invalidated Hutchison’s contract following repeated threats from President Donald Trump that the United States would seek to reclaim the waterway, […]