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Hong Kong firm begins arbitration proceedings over ruling against its Panama Canal port contract
HONG KONG: Hong Kong’s CK Hutchison Holdings said Wednesday its subsidiary started arbitration proceedings against Panama after that country’s Supreme Court ruled a concession for the subsidiary to operate Panama Canal ports was unconstitutional. Hutchison said it strongly disagreed with last week’s ruling, and China warned Panama would pay “a heavy price” if it persisted.
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arabnews.com
Hong Kong firm begins arbitration proceedings over ruling against its Panama Canal port contract
HONG KONG: Hong Kong’s CK Hutchison Holdings said Wednesday its subsidiary started arbitration proceedings against Panama after that country’s Supreme Court ruled a concession for…
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aljazeera.com
China warns Panama as Hong Kong firm contests ruling on canal ports
China calls court ruling against Hong Kong firm CK Hutchison on Panama Canal ports 'absurd' and 'shameful'.
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cnbc.com
U.S.-China power struggle thrusts Panama Canal back into the spotlight
It follows a contentious decision from Panama's top court to rule against a Hong Kong-backed firm’s right to operate two key terminals on the waterway.