BusinessCK Hutchison files arbitration over Panama port seizure
CK Hutchison has filed international arbitration against Panama over the cancellation of its Balboa and Cristóbal port concessions and government takeover, seeking more than $1.5 billion in damages for the destruction of its investments; its subsidiary Panama Ports Company is pursuing a separate claim, with the dispute occurring amid broader tensions between the US and China over the Panama Canal. The case highlights risks to critical port infrastructure and the growing use of international arbitration to challenge state actions affecting foreign investments.
