Chang He: Panama's Supreme Court decision to declare the approval of the company's port concession contract unconstitutional.

Following the announcement, the Supreme Court of Panama has decided to declare unconstitutional Law No. 5 of January 16, 1997, its amendments, and extensions. This law authorized the Panama Ports Company to operate under a concession contract at the ports of Balboa and Cristobal for nearly thirty years. The court's decision may take effect in early February 2026. The company has initiated arbitration against the Republic of Panama. The board strongly opposes this ruling and will continue to seek legal advice, reserving all rights.