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
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