Panama Seizes Canal Ports After Concession Ruled Unconstitutional, Faces $2 Billion Claim

Panama's Supreme Court invalidated the concession for the crucial Balboa and Cristóbal ports, leading to government control. This action prompted the operating company, a subsidiary of CK Hutchison Holdings, to seek over $2 billion in international arbitration. The dispute highlights concerns regarding critical infrastructure, national sovereignty, and global supply chains.