US Edition
Hong Kong firm appeals for legal protection of investors as its Panama Ports contract faces lawsuits
PANAMA, AUG 2 – Panama's Comptroller General filed lawsuits claiming irregularities and $1.3 billion in lost revenue in the 2021 contract extension for ports at both ends of the Panama Canal.
- On July 30, 2025, Panama’s Comptroller General’s office filed two suits asking the Supreme Court to void the government’s contract extension with CK Hutchison’s local ports unit, alleging it lacked constitutional approval.
- In April, the Comptroller General’s office found Panama Ports Company failed to obtain approvals for the 2021 contract extension.
- The audit revealed breaches causing over $300 million in losses to Panama’s state coffers, according to Panama’s Comptroller’s office.
- On Thursday, President Jose Raul Mulino said Panama could use public-private partnerships to operate the Balboa and Cristobal ports if courts revoke Hutchison Whampoa's rights.
- Global investors face the legal dispute, which analysts warn raises material uncertainty, risking delays or a lower-valuation renegotiation of CK Hutchison’s global terminals deal, the lawsuit complicates the BlackRock-led consortium’s bid.
13 Articles
13 Articles
Associated Press News
Hong Kong firm appeals for legal protection of investors as its Panama Ports contract faces lawsuits
A subsidiary of a Hong Kong conglomerate entangled in U.S.-China tensions has appealed for legal protection for businesses in Panama after the company’s contract over its Panama Canal port assets has been faced with lawsuits.
Denver Gazette
WTVBCK Hutchison-operated Panama ports could be taken over by state partnerships, president says
PANAMA CITY (Reuters) -Public-private partnerships could take over two key ports near the Panama Canal if courts invalidate a contract with Hong Kong-based CK Hutchison's to operate them, Panama's President Jose Raul Mulino said on Thursday.
The Panamanian Comptroller, Anel Flores, filed two legal actions before the Supreme Court of Justice , claiming unconstitutionality and requesting the nullity of the contract signed with Panama Ports, which manages the ports Balboa and Cristóbal. READ ALSO: Persecution in Panama: Minister of Labor tries to dissolve the country's main union During a press conference held on Wednesday, the official revealed that the accusations are linked to the e…
With remarkable speed, the Supreme Court of Justice admitted the two claims of unconstitutionality and nullity filed by the general Comptroller
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