Panama president accuses CK Hutchison subsidiary of lying about arbitration response

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Panamanian President Jose Raul Mulino accused Panama Ports Company (PPC), a subsidiary of CK Hutchison Holdings, of lying about the government's response to an arbitration request. PPC initiated arbitration after Panama seized control of terminals at the Balboa and Cristobal ports in February. The company claimed Panama failed to respond to the arbitration by the March 13 deadline, stating the government was unprepared and lacked legal counsel. Mulino refuted PPC's claims, asserting that the government has appointed international lawyers to defend its position. The dispute centers on the seizure of the port terminals and the subsequent arbitration process initiated by the Hong Kong-based company.
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