International Chamber of Commerce Court of Arbitration – Charm

Hong Kong’s CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

3 hours ago03 mins

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has expanded international arbitration claims against Panama, alleging damages have “escalated beyond US$2 billion” in what it called an “illegal takeover” of ports and property. The expanded claims, announced on Tuesday local time by the Panama Ports Company (PPC), part of Hong Kong tycoon Li Ka-shing’s…

CK Hutchison subsidiary slams Panama for missing arbitration deadline

1 week ago02 mins

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panama of missing a deadline for international arbitration initiated by the company, as it confirmed its offices had earlier been raided by alleged “armed security forces”. Panama Ports Company (PPC) on Tuesday also accused authorities of silencing the country’s press and disregarding the rule…