US EditionPorts row prompts Hong Kong investors to reassess stakes in Panama: John Lee
Hong Kong investors reconsider Panama stakes after court annulled CK Hutchison's port contracts, with the Hong Kong government demanding fair treatment and initiating arbitration.
3 Articles
3 Articles
Ports dispute hurts investors’ confidence in Panama, Hong Kong leader warns
Panama‘s court decision to void Hong Kong-based CK Hutchison’s ports contract has hurt investors’ confidence in the Central American country, the city’s Chief Executive John Lee has said. The Port of Balboa in Panama. Photo: Panama Maritime Authority. “Panama’s reversal of legitimate economic and trade relations has undermined its credibility,” Lee told reporters in Cantonese on Tuesday. “This will cause far-reaching damage to its business envir…
John Lee urges Panama to respect spirit of contracts
Chief Executive John Lee emphasised on Tuesday that the SAR government is against the use of pressure or menacing tactics or inappropriate political means to affect trade matters in the wake of a controversial court ruling in Panama. Lee was addressing last month's move by the Central American nation's Supreme Court to annul Hong Kong company CK Hutchison's contract to operate ports at either end of the Panama Canal by ruling that the concession…
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