- Hong Kong conglomerate CK Hutchison is seeking more than $1.5 billion in arbitration after Panama seized the Balboa and Cristobal ports at each end of the Panama Canal, accusing Panama of breaching an investment treaty.
- Panama’s Supreme Court ruled the long-running concession unconstitutional, turning the strategically vital ports into a flashpoint in broader U.S.–China tensions and drawing reactions from Beijing and Hong Kong.
- The takeover has stalled a planned $23 billion sale of CK Hutchison’s ports business (involving BlackRock), while related arbitration claims — including a separate $2 billion claim and a dispute involving Maersk — continue to unfold.
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