CK Hutchison files $1.5 billion treaty case against Panama

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CK Hutchison has initiated $1.5 billion international arbitration proceedings against Panama over alleged breaches of an investment protection treaty related to its ports concession at Balboa and Cristóbal. The dispute concerns sovereign acts affecting the decades-old concession.

CK Hutchison Holdings Limited (CK Hutchison) has commenced international arbitration proceedings against the Republic of Panama, seeking more than $1.5 billion in damages over its ports concession at Balboa and Cristóbal. The company alleges breaches of an investment protection treaty over sovereign acts targeting its decades-old ports concession at the Balboa and Cristóbal terminals. CK […] The post CK Hutchison files $1.5 billion treaty case against Panama appeared first on Port Technology International.