Panama Supreme Court voids CK Hutchison port contractsListen to this articleA ship sails through the Panama Canal last March. CK Hutchison did not immediately respond to a request for comment from Reuters on the court's decision. CK Hutchison had been waiting for the Supreme Court to make a final ruling about the legal status of its contracts after the local attorney general determined the contracts "unconstitutional". In July, Panamanian President Jose Raul Mulino said public-private partnerships could take over the two ports if the court invalidated the contracts with CK Hutchison. Analysts have flagged the likelihood that the Panama Ports Co will lodge an arbitration complaint after losing the case.
