concession

Panama’s Supreme Court has annulled the concession framework underpinning Panama Ports Company’s long-running contracts at the Panama Canal’s Atlantic and Pacific gateways, casting immediate uncertainty over who will control the Balboa and Cristóbal container terminals and complicating CK Hutchison’s proposed $23 billion sale of its global ports business to a consortium led by BlackRock and Mediterranean Shipping Company. In a ruling issued after what it called “extensive deliberation,” the court found the laws and state…

The case is causing an uproar in Mbobero, in southern Kivu. A human rights defender was shot dead on Sunday, December 6, by one of the guards for the concession acquired by former President Joseph Kabila. The trial in Mbobero before the military tribunal reveals on several points, in particular the regularity of the presence of these soldiers in the area.…