CK Hutchison seeks $1.5bn in damages over seized Panama Canal ports
US-China tensionsHong Kong conglomerate was stripped of concessions in geopolitically charged caseA vessel sails through the Panama Canal on March 27: A unit of Hong Kong conglomerate CK Hutchison lost the rights to run ports at both ends of the waterway coveted by U.S. President Donald Trump. © ReutersKENJI KAWASEAugu
Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over canal ports dispute
Hong Kong-based CK Hutchison has launched international arbitration 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 either end of the Panama Canal.
Announcing the move on Thursday, the Li Ka-shing family-backed conglomerate said Pana
CK Hutchison seeks $1.5 billion from Panama in treaty dispute arbitration
Aug 20 : CK Hutchison said on Thursday it had launched international arbitration proceedings against Panama and was seeking damages of more than $1.5 billion for the "destruction" of its investments in the Central American nation.CK Hutchison said Panama breached an investment protection treaty after a series of measur
