CK Hutchison, Panama
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Panama's Supreme Court annulled last week CK Hutchison's contract to operate two Panama Canal ports at the heart of a $23-billion deal to sell the Hong Kong conglomerate's global port assets. The contract held by Panama Ports Company (PPC),
CK Hutchison Holdings, controlled by Li Ka-shing, on Wednesday issued a voluntary announcement saying its board strongly opposes a Panamanian court ruling and related government actions, adding that Panama Ports Company (PPC) will actively and resolutely pursue arbitration against the Panamanian government.