$2 Billion Fight Over Panama Canal Ports Intensifies

2026-03-20 - 13:50

Key Points — Panama rejected CK Hutchison subsidiary PPC’s claims that the government failed to respond to arbitration proceedings, with President Mulino calling the accusations “scandalous” and “a lie” — PPC is seeking at least $2 billion in damages at the International Chamber of Commerce after Panama voided its 25-year port concessions and seized control