CK Hutchison escalates legal action over Panama ports seizure

CK Hutchison escalates legal action over Panama ports seizure

Hong Kong conglomerate CK Hutchison Holdings has stepped up legal action in response to what it called Panamanian authorities’ unlawful takeover of the operations of two ports at either end of the politically sensitive canal. The group, led by the family of Hong Kong tycoon Li Ka-shing, said on Friday that it had submitted a supplement to its earlier petition against the Panamanian state for an international arbitration. The supplement alleged that Panama continued ignoring the firm’s request...

By Denise Tsang