" Panama Ports Company, the operating subsidiary of CK Hutchison for the terminals in Balboa and Cristobal, increased its criticism of Panama for what it calls “its improper takeover” of the terminals. In a new statement issued on March 16, it repeatedly asserts, “the Republic of Panama continues to downgrade its reliability as a destination for foreign investment through its latest and ongoing conduct.”
The company has repeatedly made accusations against Panama, saying it “disregarded the rule of law,” after the country’s Supreme Court ruled the concession for the operation of the port terminals unconstitutional. It also asserts that Panama had conducted a “radical occupation, raid and seizure of the facilities and property” of the company." Read the original story at: The Maritime Executive.
Source: The Maritime Executive