Panama

Panama's Supreme Court ruled a port concession unconstitutional, leading to potential legal disputes and a transitional operator for its critical ports. This decision could impact Panama's reputation for legal certainty and attract foreign investment.

Panama's government seized control of the Balboa and Cristobal ports from CK Hutchison Holdings===Panama Ports Company after its Supreme Court declared the concession unconstitutional. It then allowed subsidiaries of Maersk and Mediterranean Shipping Company to take over operations. Panama is facing arbitration proceedings from CK Hutchison Holdings===Panama Ports Company for damages exceeding $2 billion.

Panama seized two ports at either end of the Panama Canal that were run by a China===Hong Kong company, under pressure from the United States. This action reflects the U.S. efforts to reduce Chinese influence over strategic assets.

Panama co-sponsored the International===United Nations Security Council resolution regarding Haiti's political transition and security situation.

Panama's Supreme Court ruled a concession held by a subsidiary of CK Hutchison Holdings unconstitutional, impacting the company and advancing a U.S. effort to block Chinese influence over the Panama Canal.