A fresh $1.5 billion arbitration claim over two canal ports shifts a commercial dispute into a battle over international investment law, with profound implications for infrastructure projects worldwide

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…