CK Hutchison Starts London Arbitration Against Maersk Over Panama

CK Hutchison Holdings Ltd. has commenced arbitration against A.P. Moller-Maersk A/S after Panama’s forced takeover of its two ports in the country, intensifying a legal battle over control of the assets.

The arbitration, filed by CK Hutchison’s local unit Panama Ports Co., will be heard in London and is separate from its over $2 billion damages claim against the Panamanian government, the company said in a statement Wednesday.