A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has expanded international arbitration claims against Panama, alleging damages have “escalated beyond US$2 billion” in what it called an “illegal takeover” of ports and property.
The expanded claims, announced on Tuesday local time by the Panama Ports Company (PPC), part of Hong Kong tycoon Li Ka-shing’s family-owned conglomerate, came a month after authorities took control of terminals at the ports of Balboa and Cristóbal near the…
Hong Kong’s CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion
