CK Hutchison's PPC unit says Panama ports ruling lacks legal basis
Hong Kong-based CK Hutchison's unit, Panama Ports Company (PPC), said on Friday a ruling by Panama's Supreme Court annulling key port contracts held by the subsidiary lacked legal basis.
PPC has held contracts since the 1990s to operate container terminals at the canal's Pacific and Atlantic entrances, separate from the waterway's operations. (Reporting By Clare Jim and Anne Marie Roantree Editing by Shri Navaratnam)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
\"Taste Hong Kong,\" a Chef-Curated Gourmet Guide to the City''s True Culinary Soul
UPDATE 5-Panama court voids CK Hutchison port contracts, clouding sales plan
UPDATE 4-Panama court voids CK Hutchison port contracts, clouding sales plan
UPDATE 3-Panama court voids CK Hutchison port contracts, clouding sales plan
Hong Kong company's concession to operate Panama Canal ports is ruled unconstitutional
Google News