Following Friday's announcement by parent company CK Hutchison Holdings taking further legal action to respond the seizure of the branch's port activities and assets Panama Ports Company (PPC) by the Panamanian government, after the concession contract relating to the two ports of Balboa and Cristóbal had been declared illegal by the Supreme Court of Justice of Panama ( of 30 January 2026), the PPC itself has specified what are the legal proceedings so far activated to counter actions and statements from the Panamanian state that the company considers and which - he denounced - prevented investors from foreigners to rely on laws and contracts and not even on the statements of the Panamanian State, which - underlined the Hong Kong Group Subsidiary - in the last year has conducted a campaign against Panama Ports Company.

PPC recalled that it has already initiated arbitration against the Republic of Panama, in accordance with the of the International Chamber of Commerce, seeking compensation damage of at least two billion dollars, a figure that - specified the society - was wrongly disclosed by the State Panamanian in statements to the press ( of 27 February 2026). In addition, Panama Ports Company reminded to have filed an appeal relating to Executive Decree No. 23 of 23 February 2026 imposing the seizure of all PPC assets, including large goods and equipment at the port terminals, as well as - PPC pointed out - documents and proprietary and legally protected information.

PPC then announced that it had submitted a further request to the Panama Maritime Authority requesting immediate access to the proprietary and legally protected documents and information of the PPC and their return. The company has denounced that it has been a seizure of documents from a private entity, stored in a private warehouse, based on the errata Panamanian State's claim that the documents were relevant to the relocation of port operations, and that the seizure was carried out despite the lack of a valid court authorization.

Finally, PPC recalled that the parent company CK Hutchison also submitted a supplement to its previous dispute notification ( of 6 March 2026).

Panama Ports Company concluded by pointing out that neither PPC nor will CK Hutchison give in and that they will not seek compensation symbolic, but they will assert all their rights and demand the compensation for the damages due to him - he specified the company - of serious violations and conduct against investors of the Panamanian state.