Implications of Panama Court Ruling to Quash CK Hutchison Port Concessions

The Balboa Port is pictured after Hong Kong's CK Hutchison agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, in Panama City.

Panama’s Supreme Court annulled last week CK Hutchison’s 0001.HK contract to operate two Panama Canal ports at the heart of a $23-billion deal to sell the Hong Kong conglomerate’s global port assets.

gCaptain