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CK Hutchison escalates legal action over Panama ports seizure
BusinessSCMP1mo ago

CK Hutchison escalates legal action over Panama ports seizure

Hong Kong conglomerate CK Hutchison Holdings has stepped up legal action in response to what it called Panamanian authorities’ unlawful takeover of the operations of two ports at either end of the politically sensitive canal. The group, led by the family of Hong Kong tycoon Li Ka-shing, said on Friday that it had submitted a supplement to its earlier petition against the Panamanian state for an international arbitration. The supplement alleged that Panama continued ignoring the firm’s request...

CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site
BusinessSCMP1mo ago

CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities in the Panama Canal a failure to comply with “constitutional, contractual and international obligations”. The former...

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports
BusinessSCMP1mo ago

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted the claim for arbitration against the country under the rules of the International Chamber of Commerce, vowing it would not “relent” or seek “token relief” for the...

Hong Kong’s CK Hutchison seeks negotiations over Panama Canal ports
Businesshk-free-press1mo ago

Hong Kong’s CK Hutchison seeks negotiations over Panama Canal ports

Hong Kong-based CK Hutchison Holdings asked the Panamanian government on Thursday to enter negotiations to allow it to continue operating the Panama Canal’s two terminal ports, a company spokesperson said. Panama’s Supreme Court last month invalidated Hutchison’s contract following repeated threats from President Donald Trump that the United States would seek to reclaim the waterway, […]