The Panama process requires focusing on Hong Kong Hong Channel Concession

Panama City: Two Panama lawyers filed a complaint on Monday (Feb 3) to cancel the concession of a company in Hong Kong for the operation of two ports on the Panama Canal, following President United Donald Trump, Donald Trump threats with vital waterway capture.

A branch of CK Hutchison Holdings – owned by the billionaire in Hong Kong, Li Ka -Shing – manages two of the five ports of the channel, an arrangement in force since 1997 by a concession from the Panama government.

But Norman Castro, one of the lawyers, brought before the Supreme Court, told reporters that the contract “violates what the Constitution says in about 10 articles”.

“After a detailed analysis of the contract … I decided that an action for unconstitutionality is the appropriate means” to challenge the concession, said Julio Macias, another lawyer behind the trial.

The complaint also accuses the Hong Kong branch of not paying taxes and benefits due to a series of advantages that are supposed to be against the law.

Panama Ports Company – a CK Hutchison Holdings branch – currently manages the Cristobal ports on the channel Atlantic side and Balboa on the Pacific side.

This arrangement was automatically renewed in 2021 for another 25 years.

The case comes after Trump has threatened to take over the channel – built by the US and handed in Panama in 1999 – as China was actually “operating”.

Temperatures dropped from Marco Rubio’s Secretary of State Recent visit In the country of Central America with President Panama, Jose Raul Mulino, announcing they will Do not renew the participation in the Belt and Road initiative in China.

Following Trump’s charges, Panama also announced an audit in the company.

CK Hutchison Holdings is one of the largest conglomerates in Hong Kong, which stretches on finance, retail, infrastructure, telecommunications and logistics.