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…
Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions. What began as a strategic exit…
Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…
A state partnership would fundamentally alter the operating structure of two key Panama Canal ports and could trigger significant losses for Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings, which was facing mounting hurdles over a US$23 billion asset sale, experts said. The Hong Kong-based conglomerate is in the grip of a legal and political…
Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…
The head of a US congressional committee on Thursday, warned Panama over Chinese influence on the Panama Canal, following reports that leading Chinese state-owned conglomerates are bidding for port concessions there now for sale by Hong Kong-based CK Hutchison Holdings. In his letter to Minister of Maritime Affairs and Administrator of the Panama Maritime Authority…