CK Hutchison Seeks $1.5 Billion for Loss of Panama Assets

CK Hutchison Holdings Ltd. commenced international arbitration proceedings against Panama, seeking more than $1.5 billion in damages over the loss of its investments in two ports on the country’s strategic canal.

By Karen Leigh

Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over canal ports dispute

Hong Kong-based CK Hutchison has launched international arbitration proceedings against Panama, seeking more than HK$11.7 billion (US$1.5 billion) in damages over the government’s takeover of two strategic ports at the entrances to the Panama Canal. Announcing the move on Thursday, the Li Ka-shing family-backed conglomerate said Panama had breached an investment-protection treaty and international law through “sovereign acts” targeting its decades-old concession to operate the Balboa and...

By Wynna Wong

CK Hutchison seeks $1.5 billion from Panama in treaty dispute arbitration