China-Related Dispute: CK Hutchison Seeks $1.9 Billion over Panama Assets Loss

CK Hutchison Holdings has initiated international arbitration proceedings against Panama, aiming to recover over US$1.5 billion (S$1.9 billion) in damages for the loss of its investments in two strategic ports on the Panama Canal. The company alleges that Panama violated an investment protection treaty with actions taken in 2025 and 2026, leading to the termination of concessions for the Balboa and Cristobal ports and the subsequent takeover of the terminals. Founded by Hong Kong billionaire Li Ka-shing, CK Hutchison’s board strongly opposes Panama’s actions and cautions shareholders and potential investors about trading its shares or securities. The dispute involving the…