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Panama Official Seeks Court Review of Hutchison Ports Contract

Panama Official Seeks Court Review of Hutchison Ports Contract

Bloomberg6 days ago
Panama's comptroller general asked the Supreme Court to review the government's contract extension with a unit of CK Hutchison Holdings Ltd., potentially throwing a new wrench in the company's deal to sell the business.
Anel Flores, the Panamanian official, said he asked the court to find the contract extension unconstitutional and declare it null and void. 'The contract was bad, one-sided and abusive, against the interests of the country,' he said. Panama is the true owner of the ports, he said.
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