CK Hutchison has taken Maersk to arbitration after Panama forced the Hong Kong conglomerate out of two canal ports and handed over operations of one of them to the Danish shipping group.
The proceedings will take place in London and are separate from a $2bn damages claim that CK has filed against Panamanian authorities, the company said on Tuesday.
Authorities stripped CK’s subsidiary of its concession to run two ports on the Panama Canal in January after the country’s top court ruled it unconstitutional.
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