CK Hutchison is seeking over $1.5 billion from Panama for damages to its investments after the country seized two ports at the ends of the Panama Canal

Hong Kong conglomerate launches new arbitration pursuing an investor-state dispute after the local government forcibly took control of two canal terminals

CK Hutchison said on Thursday (Aug 20) it had launched international arbitration proceedings against Panama and was seeking damages of more than US$1.5 billion for the…