Guan Cha Zhe Wang·2026-02-13 02:29Core Viewpoint - CK Hutchison Holdings Limited is taking legal action against the Panamanian government regarding the operations of its subsidiary, Panama Ports Company, following a ruling by the Panamanian Supreme Court that declared a key law unconstitutional, jeopardizing the company's operations at Balboa and Cristobal ports [1][6]. Group 1: Legal Actions and Responses - CK Hutchison has notified the Republic of Panama under the investment protection treaty to safeguard its rights and is seeking consultations regarding actions taken by the Panamanian government that affect its operations [1][2]. - The company is exploring all legal avenues, including domestic and international legal proceedings against the Panamanian government and associated third parties [2]. - CK Hutchison has warned A.P. Moller – Maersk A/S that any takeover of the Panama Ports Company’s operations without its consent would result in legal action [3]. Group 2: Government Actions and Implications - The Panamanian Maritime Authority announced plans to appoint APM Terminals as a temporary manager for the ports, which CK Hutchison views as an unlawful action [2][4]. - The Panamanian government has not provided any guarantees or clear explanations regarding the operations of the Panama Ports Company, leading to further disruptions [4]. - The immediate consequence of the Supreme Court's ruling could lead to the termination of the Panama Ports Company's concession rights, affecting its ability to operate the ports [4]. Group 3: Reactions from Chinese Authorities - The Chinese government has expressed strong dissatisfaction with the Supreme Court's ruling, emphasizing the protection of Hong Kong enterprises' legitimate rights [6]. - The Hong Kong government has criticized the ruling as damaging to Panama's credibility and its business environment, urging the Panamanian government to respect contractual agreements [6][7]. - Chinese state-owned enterprises have been instructed to pause negotiations on new projects in Panama, potentially affecting billions in investments [7][8].