# Balboa

CK Hutchison Sues Panama for $2bn After Government Seizure of Key Container Terminals

CK Hutchison’s Panama Ports unit has initiated ICC arbitration after Panama’s government seized two container terminals at Balboa and Cristóbal on February 23, seeking at least $2 billion in damages. The dispute threatens operational disruption at key transshipment hubs, raises questions about foreign investor protections in Latin America, and could have wider implications for global supply chains and Panama’s reputation as a secure maritime gateway.