contracts

Panama’s Supreme Court has annulled the legal basis for long-standing port concessions held by Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison, casting uncertainty over ownership of container terminals at the Panama Canal’s Pacific and Atlantic gateways and complicating a planned $23 billion ports sale. After “extensive deliberation,” the court found the laws and acts underpinning PPC’s concession for the development, construction, operation and management of terminals at Balboa and Cristobal…

What happened to the money from Chinese contracts in the Democratic Republic of Congo? According to a Congolese NGO, Afrewatch, the state would largely be the loser in what had been described in 2008 as the "contract of the century". A consortium of Chinese companies would grant $ 6 billion in loans to the country and enjoy privileged access to its mineral resources. Afrewatch investigated this "mine…

In 2008, Beijing granted a number of loans to the Democratic Republic of Congo to begin operations of Sicomines, the Sino-Congolese three way partnership, but additionally to construct infrastructure within the nation. This is known as the "Chinese language contract" or the "Sino-Congolese contract". And final week, whereas visiting the previous Katanga province, President Felix Tshisekedi expressed his…

The various Memoranda of Understanding and Mining Contracts required by the International Monetary Fund have been published. They concern both companies, Sokimo and Miba. These contracts were signed under the chairmanship of Felix Tshisekedi, their publication was a precondition for the opening of negotiations with a view to signing a three-year plan with the IMF. What do these contracts say?…