Panama’s Supreme Court on Thursday blocked a Hong Kong-based company from operating ports on the Panama Canal, giving the ...
The Supreme Court of Panama invalidated the contract of a Hong Kong subsidiary to operate ports on the Panama Canal, ruling ...
Panama’s Supreme Court has ruled that the concession held by a subsidiary of Hong Kong’s CK Hutchison Holdings to operate ...
The move follows Donald Trump's previous claim the US was taking the crucial Panama canal "back" from China.
CK Hutchinson, a Hong Kong-based multinational with ties to Beijing, had been operating the ports for more than 20 years.
In a blow to China, the Supreme Court said CK Hutchison’s contract breaches the constitution.
The court’s ruling followed an audit by Panama’s comptroller, which alleged irregularities in the 25-year extension of the ...
Hong Kong tycoon Li Ka-shing and his conglomerate CK Hutchison have been tied up in global US-China rivalry since announcing ...
The ruling delivers a victory to President Trump, who has said he wants America to control the canal, and a blow to the longtime ports operator, CK Hutchison.
The ruling injected fresh uncertainty into the Hong Kong conglomerate’s long-running effort to sell off the facilities.
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