Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The dispute stems from
Panama’s February 23 takeover of PPC-operated terminals at Balboa and
Cristóbal, where the company says it was expelled through executive action and
replaced with new operators. PPC alleges the move was part of a broader campaign
against the company that has unfolded over more than a year.
In a separate but related action, PPC has filed
arbitration against Maersk in London, citing a long-term agreement that it says
required the exclusive use of PPC’s terminal operations and access to its
facilities and operational information. PPC claims Maersk undermined that
agreement by aligning with the Panamanian government during the takeover and
benefiting from arrangements tied to new terminal operators affiliated with
Maersk.
PPC said its claims
against Maersk are distinct from its ongoing arbitration with Panama, which is
being conducted under the rules of the International Chamber of Commerce. In
that case, PPC has expanded its damages claim to more than $2 billion, citing
the seizure of assets, occupation of property and access to proprietary
information following the takeover.
The company said Panama has continued actions against PPC domestically
and has not yet filed its initial response in the arbitration proceedings,
while also disputing access and compensation issues. PPC said it intends to pursue all
available legal remedies in both proceedings.
