CK Hutchison's Panama unit files arbitration against Maersk over ports takeover - Reuters

<a href="https://news.google.com/rss/articles/CBMi3AFBVV95cUxOYnp3N1B1LUF1V1pHaDNxQ1FGSTV4VjJ3czN0Wmcwb2JOZk5DZ0FlT3NoaGRYVkdjNFFmcWNlOHNMOEFhWTh5SGMzYXZWOXdmeFN3ZTZhMTlIZjFaWXR4S3hNbGJRbWx3ZEJiZHh1al9Gb3A4SF9tdzFFV0cySXNoSTlEUm1GVlowc1pyZzR3Y255ajdZY2Y2XzhEOVg2VmpiQXh6YmZMa0pwNkJJWS04eDBWQlQ4WlVtakRDcy1FRmJnX01tUDBsYzRvVGw0bnQtNkhfUGRCRnplSjBK?oc=5" target="_blank">CK Hutchison's Panama unit files arbitration against Maersk over ports takeover</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

A subsidiary of Hong Kong-based CK Hutchison Holdings has initiated arbitration proceedings against Danish logistics giant Maersk, alleging that Maersk conspired with the Panamanian government to undermine its port concession at the Balboa terminal, facilitating a takeover by a Maersk-affiliated operator.

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

Hong Kong-based conglomerate CK Hutchison’s Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal, which are at the center of a legal battle involving Beijing and Washington.

A Hong Kong subsidiary of CK Hutchison Holdings, the Panama Ports Company, has initiated arbitration in London against Danish logistics giant Maersk, alleging that Maersk conspired with the Panamanian government to undermine a port concession it held at the Panama Canal's Balboa terminal, facilitating a takeover by a Maersk-affiliated operator.