A Hong Kong-based firm has rejected a Panamanian court ruling that annulled its 25-year concession to operate ports in Panama. The decision came after an audit by Panama’s comptroller identified alleged irregularities in the extension of the concession granted in 2021.
The company maintains its position against the court’s cancellation and has yet to outline further legal steps. Panama’s authorities continue to review the case amid concerns over the management of the port operations.
**Why this matters**
The dispute affects the management and control of key Panamanian ports, which are vital for international trade and logistics. The outcome could influence future foreign investments and concessions in Panama’s infrastructure sector.
Source: News Source