Published 19 days ago • loading... • Updated 17 days ago

Panama lawsuit requests axing Hong Kong firm's canal concession

Panama has initiated an audit of Hutchison Ports PPC, a subsidiary of CK Hutchison Holdings, which has managed two ports on the Panama Canal since 1997, following a legal complaint to cancel its concession.
The complaint claims that the company has not paid taxes and benefits, alleging advantages that violate the law.
U.S. Secretary of State Marco Rubio stated that it is 'unacceptable' for Hong Kong-based companies to control the canal's entry and exit points, citing concerns about national interests.
Lawyers argue that the contract for the concession 'violates what the constitution says in about 10 articles,' prompting the legal action against the concession.

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Bloomberg

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Transport Topics

Panama Considers Canceling Port Deal With Hong Kong Firm

Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation, a potential concession to defuse President Donald Trump’s threats about countering China’s influence around the key waterway.

18 days ago·United States

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Channel News Asia

+4 Reposted by 4 other sources

Panama lawsuit requests axing Hong Kong firm's canal concession

Two Panamanian lawyers filed a complaint on Monday (Feb 3) to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following United States President Donald Trump's threats to seize the vital waterway.

18 days ago·Singapore

Panama Lawsuit Requests Axing Hong Kong Firm's Canal Concession

Panama Ports Company -- a CK Hutchison Holdings subsidiary -- currently manages the ports of Cristobal on the canal's Atlantic side and Balboa on the Pacific side.

18 days ago

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The Hindu

Hong Kong business firm CK Hutchison caught in the U.S.-Panama crossfire

Hutchison Ports PPC has managed the port of Cristobal on the canal’s Atlantic side and Balboa on the Pacific side since 1997 via a concession from the Panama government

18 days ago·India

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Fortune

What to know about CK Hutchison, the Hong Kong firm that runs Panama’s canal ports—and is the target of Trump's attacks

U.S. Secretary of State Marco Rubio said last week it was "unacceptable" for Hong Kong-based companies to control the canal's entry and exit points.

19 days ago·New York, United States

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The News God

Panama court is asked to cancel Hong Kong firm's contract to run canal

The News God Panama court is asked to cancel Hong Kong firm’s contract to run canal Two Panamanian lawyers, Julio Macías and Norman Castro, have lodged a lawsuit with the country’s supreme court in an attempt to cancel a Hong Kong-based company’s concession to operate two ports at either end of the Panama Canal, arguing that the contract is unconstitutional. The company in question, a subsidiary of CK Hutchison Holdings owned by Hong Kong billio…

17 days ago

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