Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over takeover of canal ports
Hong Kong conglomerate CK Hutchison has launched international arbitration against Panama, seeking more than $1.5 billion in damages over the government’s takeover of the Balboa and Cristobal canal ports. The dispute follows a Supreme Court ruling that annulled the decades-old concession. Hong Kong-based CK Hutchison has formally launched international arbitration proceedings against Panama, demanding more … Read more