Source: Hong Kong Government special administrative region
HKSAR Government lodges strong protest against forceful takeover of two ports by Panamanian government
A Government spokesman reiterated that the earlier ruling made by the Supreme Court of Justice of Panama, which declared the operation of the two Panamanian ports by the company concerned unconstitutional, disregarded facts and breached faith. The company concerned had already initiated and commenced arbitration proceedings. However, the forceful takeover of the two ports by the Panamanian government yesterday gravely damaged the legitimate rights and interests of the Hong Kong enterprise and undermined the spirit of contracts. The HKSAR Government condemns such a blatant act.
The HKSAR Government urged the Panamanian government again to respect the spirit of contracts and provide a fair and just business environment for companies operating legally there, ensuring that the legitimate rights of enterprises are free from any interference. Hong Kong enterprises operating and investing in Panama should receive fair and reasonable treatment and protection.Issued at HKT 16:24
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