Panama Ports Company is currently in the midst of lawsuits in the Supreme Court and an audit related to the port concession. There is a possibility that BlackRock may face sanctions if the Court issues an unfavorable ruling in this case, according to statements by former minister Royo.
The former minister explained that, in the scenario where the Supreme Court rules against the port concession granted to Panama Ports Company, BlackRock, a major investor behind the operation, could be affected. This matter has generated significant interest and concern in the legal and business sectors of the country.
Royo emphasized that, in the event that the concession is annulled, BlackRock would find itself in a compromised situation and would face potential sanctions. This scenario could also have significant repercussions in Panama's business sector, given the importance of BlackRock's investment in the port concession.
The lawsuits and the ongoing audit aim to challenge the validity and legality of the concession granted to Panama Ports Company, putting BlackRock in a vulnerable position in the event of an adverse ruling by the Supreme Court. This situation raises questions about the future of the concession and the implications it could have for all parties involved.
