CK Hutchison has launched international arbitration proceedings against Panama, seeking more than US$1.5 billion in damages.
The Hong Kong-based conglomerate claims that Panama breached an investment protection treaty. According to Reuters, the company said government measures taken over the past two years had destroyed its investments in the country.
The dispute centres on the concession contract for the Balboa and Cristóbal ports and the subsequent takeover of the terminals.
“The board strongly disagrees with the measures taken by Panama in violation of the treaty,” said CK Hutchison.
Panama Canal port concessions
CK Hutchison became involved in a wider diplomatic dispute after US President Donald Trump opposed Chinese ownership of ports near the Panama Canal. Panama later cancelled the company’s port concessions.
Li Ka-shing, Hong Kong’s richest man, owns CK Hutchison.
Panama’s economy ministry and presidency did not immediately respond to Reuters’ request for comment.
Separate arbitration proceedings continue
CK Hutchison subsidiary Panama Ports Company (PPC) will continue pursuing separate international arbitration proceedings against Panama.
PPC launched its case in February 2026 after Panama’s Supreme Court annulled its licences to operate the two Panama Canal ports.
The company had operated the Balboa and Cristóbal terminals for nearly three decades. However, in March, PPC increased its separate claim to more than US$2 billion.
PPC described Panama’s takeover of the terminals and company property as illegal.
