Hong Kong’s CK Hutchison has vowed to pursue all available legal options to defend its interests after a Panama court last month nullified its right to operate two ports along the country’s canal, while acknowledging that keeping the operations running was beyond its control. The conglomerate headed by Hong Kong tycoon Li Ka-shing’s family said…
Hong Kong investors are reviewing their stakes in Panama amid a dispute over a concession held by a subsidiary of CK Hutchison to operate two ports in the country, the city’s leader has said, pledging to work with Beijing to push back. Chief Executive John Lee Ka-chiu on Tuesday also urged Panamanian authorities to ensure…
Hong Kong’s CK Hutchison could find it hard to secure compensation from Panamanian authorities over their decision to nullify its port operation, legal experts have said, noting that the arbitral tribunal it engaged lacks enforcement power and the issuance of damages may depend on the country’s own courts. The conglomerate, led by Hong Kong tycoon…
Hong Kong’s commerce minister has condemned a court ruling to annul CK Hutchison Holdings’ right to operate two ports in the Panama Canal – after summoning the country’s envoy in the city – warning the decision “seriously undermined” international trade rules. In a meeting with the Panamanian Consul General, Jose Ramon de Jesus Varela Fabrega,…
Panama is aiming to mitigate geopolitical risks and respond to US pressure by adopting a multi-operator model for its strategic canal after nullifying the concession granted to Hong Kong’s CK Hutchison to operate two of the ports, analysts have said. Panamanian President Jose Raul Mulino was reported to have vowed on Thursday that his country…
Pressure from the United States remains a major challenge in CK Hutchison Holdings’ arbitration against Panama and it may take years to resolve the dispute, legal and political experts have said of the continuing controversy over the Hong Kong conglomorate’s ports. The company, led by billionaire Li Ka-shing’s family, said on Wednesday that its subsidiary,…
Beijing has slammed a Panamanian Supreme Court ruling that nullified Hong Kong-based CK Hutchison Holdings’ right to operate two major ports at the country’s canal as “legally unfounded”, warning the Central American nation that it could pay a heavy political and economic price. The Hong Kong and Macau Affairs Office said in a commentary on…
Hong Kong-based CK Hutchison Holdings faces limited legal avenues to challenge a Panama court ruling that nullified its rights to operate two major ports at the country’s canal, while taking the case to the International Court of Justice will require Beijing to act on its behalf, a legal expert has said. Basil Hwang, managing partner…
Hong Kong-based CK Hutchison Holdings is expected to move forward with selling its remaining port assets, despite Panama’s Supreme Court nullifying its contract for two terminals at either end of the country’s geostrategically vital canal, according to experts. But the effort by billionaire Li Ka-shing’s conglomerate to offload the rest of its ports would still…
Hong Kong-based CK Hutchison Holdings, controlled by billionaire Li Ka-shing, risks losing its rights to operate major ports at both ends of the Panama Canal after the country’s Supreme Court ruled its subsidiary’s contract unconstitutional. The decision was announced in a statement posted on the official social media account of the Panama Judiciary on Thursday…