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CK Hutchison sues Panama over port seizures, citing contract and law violations after a court voided its concessions.
CK Hutchison is escalating legal action against Panama after the government seized control of two major ports near the Panama Canal, claiming the move violates contracts and international law.
The takeover followed a January court ruling that voided CK Hutchison’s port concessions, citing constitutional concerns.
Panama has temporarily transferred operations to Maersk and MSC.
The dispute stems from CK Hutchison’s planned $23 billion sale of its global ports portfolio to a consortium led by BlackRock and MSC, drawing international scrutiny and geopolitical tension.
The legal battle continues with no resolution in sight.
CK Hutchison demanda a Panamá por las incautaciones portuarias, citando violaciones de contratos y leyes después de que un tribunal anuló sus concesiones.