Hong Kong-based CK Hutchison Holdings announced that its subsidiary, Panama Ports Company, has commenced international arbitration proceedings against the government of Panama. This action follows a recent court ruling affecting the company’s operations at Panama’s ports.
The arbitration seeks to resolve disputes arising from the legal decision, with CK Hutchison aiming to protect its interests and investments in the region.
**Why this matters**
The dispute highlights ongoing tensions between foreign investors and local authorities in Panama’s port sector, a critical area for international trade. The outcome of the arbitration could impact future foreign investment and the management of key infrastructure in the country.
Source: NewsData