Tag: foreign investment risk

Panamanian President José Raúl Mulino on Wednesday strongly rejected China's warning that Panama would pay a "heavy price" after the Supreme Court invalidated Hong Kong-based CK Hutchison's concession to operate two strategic ports on the Panama Canal. The court ruled the contract unconstitutional, citing disproportionate favoritism toward the ...

The Chinese government reacted angrily to a Panamanian Supreme Court decision late last week that stripped Hong Kong-based CK Hutchison of operating two ports along the Panama Canal. The court ruled on Thursday that the concession for Panama Ports Company, a CK ...