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Panamanian President José Raúl Mulino has dismissed accusations that his government failed to meet its obligations in an arbitration case brought by Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison.
Panamanian authorities raided the offices of Panama Ports Company, the former operator of two key canal terminals, as part of an anti-corruption investigation into alleged withholding of operational documents.
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted the claim for arbitration against the country under the rules of the International Chamber of Commerce, vowing it would not “relent” or seek “token relief” for the...
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities in the Panama Canal a failure to comply with “constitutional, contractual and international obligations”. The former...