CK Hutchison set for hard fight to secure Panama port deal compensation: experts

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CK Hutchison, a Hong Kong-based conglomerate, has initiated arbitration against Panamanian authorities after the country's top court deemed its Panama Ports Company's (PPC) concession to operate two Panama Canal ports "unconstitutional." The arbitration, based on the concession contract and ICC rules, seeks compensation for the nullified port operation. However, legal experts suggest CK Hutchison may face challenges in securing compensation. The ICC International Court of Arbitration, which is administering the proceedings, lacks independent enforcement powers. Ultimately, the enforcement of any arbitral award and the issuance of damages will depend on Panama's national courts.
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