China Moves to Penalize Panama for Court Ruling Against CK Hutchison
The Chinese government has reportedly forced a pause on infrastructure deals in Panama in retaliation for a Panamanian court's decision to suspend CK Hutchison's seaport operations contracts, according to Bloomberg. The development comes as Hong Kong-based Hutchison launches an arbitration process against Panama over the cancelation. Last week, the Panama Supreme Court ruled that contracts that allowed Hutchison to operate two container ports near the Panama Canal were "unconstitutional." Hutchison - which has been trying to sell the operating rights...
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