Panama Faces $1.5B Claim as CK Hutchison Escalates Port Dispute

Hong Kong-based CK Hutchison Holdings has launched a second arbitration against Panama, seeking over $1.5 billion in damages for the abrupt cancellation of its port concessions at Balboa and Cristobal. CK Hutchison alleges that Panama breached an investment protection treaty through a series of state actions targeting its subsidiary’s operations. According to the company, the campaign began in early 2025 and included a “sudden new investigation that lacked due process,” a reversal of legal protections, and what it describes as a “scheme to replace the Panama Ports Company.” The conglomerate’s…

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