Hutchison Expands Arbitration Claims Beyond $2B Against Panama
The ongoing battle between CK Hutchison’s Panama Ports Company and the government of Panama has reportedly been “escalated beyond $2 billion,” the company announced in its latest volley in the back-and-forth between the two sides. It reportedly expanded the international arbitration with an additional filing on March 24. PPC continues to call Panama’s actions an “unlawful takeover” of the terminals at the ports of Balboa and Cristóbal. It filed the arbitration claim in February with the International Chamber of Commerce...
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