Panama Canal
A subsidiary of Hong Kong's CK Hutchison Holdings has filed an arbitration claim seeking US$2 billion from Panama over the government's seizure of two Panama Canal ports, following the company's earlier vows of legal action after a February court ruling. Panama Ports Company (PPC) accuses authorities of an illegal takeover and vows to pursue full compensation via the International Chamber of Commerce.
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Panama's government has seized control of the Balboa and Cristobal ports, previously operated by Hong Kong-based CK Hutchison's subsidiary, following a Supreme Court ruling. The White House welcomed the move as aligning with Donald Trump's vision for the canal, while CK Hutchison condemned it as unlawful. The company ceased operations after officials entered the sites without invitation.