International Chamber of Commerce – Charm

CK Hutchison set for hard fight to secure Panama port deal compensation: experts

3 days ago02 mins

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…

US ‘pressure’ a major challenge to CK Hutchison’s arbitration against Panama: experts

6 days ago02 mins

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,…