BRIEF-CK Hutchison Updates Status Of Disputes On PPC's Terminal Operations In Panama

Reuters02-12
BRIEF-<a href="https://laohu8.com/S/CKHUF">CK Hutchison</a> Updates Status Of Disputes On PPC's Terminal Operations In Panama

Feb 12 (Reuters) - CK Hutchison Holdings Ltd 0001.HK:

  • UPDATES STATUS OF DISPUTES RELATING TO PPC'S TERMINAL OPERATIONS IN THE REPUBLIC OF PANAMA

  • HAS NOTIFIED THE REPUBLIC OF PANAMA OF A DISPUTE PURSUANT TO AN INVESTMENT PROTECTION TREATY

  • PANAMANIAN STATE GIVEN PPC NO ASSURANCES OR CLARITY REGARDING PPC’S OPERATIONS AT THE PORTS OF BALBOA AND CRISTOBAL

  • CKHH CONSIDERS A DETERMINATION PURPORTING THAT LAW NO. 5 IS UNCONSTITUTIONAL TO BE UNLAWFUL

  • PANAMANIAN STATE HAS ADVANCED STEPS TOWARD FORCED EXIT OF PPC & TRANSITION OF PORT SECTOR, WITH NO CLARITY AS TO OPERATIONAL PLANS.

  • CONTINUED OPERATIONS OF PORTS DEPENDS SOLELY ON ACTIONS OF PANAMA SUPREME COURT AND PANAMANIAN STATE

  • WILL CONSULT WITH LEGAL COUNSEL FOR ALL AVAILABLE RECOURSE ADDITIONAL NATIONAL LEGAL PROCEEDINGS AGAINST REPUBLIC OF PANAMA

Further company coverage: 0001.HK

((Reuters.Briefs@thomsonreuters.com;))

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