CK Hutchison Seeks Damages Via Arbitration on Panama Ports

CK Hutchison Holdings Ltd. is seeking “extensive damages” through arbitration against Panama’s decision to invalidate its contract to operate two ports near the country’s strategic canal.

While the Panama top court’s ruling hasn’t been published or become effective, the Central American country has launched unexpected site visits and instructed CK Hutchison’s local unit, Panama Ports Co., to provide authorities unrestricted access to its property, data and employees, the firm said in a statement Wednesday.