CK Hutchison escalates legal action over Panama ports seizure

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CK Hutchison Holdings, a Hong Kong-based conglomerate, is escalating legal action against Panama following the country's seizure of operations at two ports managed by its subsidiary, Panama Ports Company (PPC). The legal action stems from a January ruling by Panama's Supreme Court that deemed PPC's concession unconstitutional. CK Hutchison has submitted a supplement to its international arbitration petition, alleging Panama has ignored communication requests and kept the group uninformed about the port occupation. The company also claims the Panama state made inaccurate remarks about PPC, further aggravating the situation. PPC is challenging the confiscation of its documents and materials by the Panamanian government. The concession, which was renewed in 2021 for 25 years, was set to expire in 2047.
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