CK Hutchison demands $1.5 billion from Panama for its exit from port terminals
El conglomerado acusa al gobierno de "destrucción" de inversiones tras ser expulsado de las terminales. Leer
CK Hutchison, a Hong Kong-based conglomerate, is accusing the government of Panama of "destroying" its investments and is claiming over $1.5 billion in damages. The company was recently expelled from operating two terminals in the Panama Canal and has taken Panama to arbitration, citing a breach of a 1983 bilateral investment treaty between the UK and Panama.
This is not the first time CK Hutchison has taken legal action against Panama, as its local subsidiary, Panama Ports Company, is already seeking $2 billion in damages. The dispute is part of a larger battle for control of operations in the Panama Canal, a major global shipping route.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
