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POLITICS3d agoBeijing threatens ‘serious consequences’ after Panama lawmakers support TaiwanChina has warned Panama of “serious consequences” after most of the country’s lawmakers set up a parliamentary exchange group with Taiwan, defying pressure from Beijing’s embassy and a public disavowal by their own president. The warning came from foreign ministry spokesman Guo Jiakun, who said on Monday that the group seriously violated the one-China principle upheld by Panama and urged what he called “those few politicians” to “see the real picture”. Beijing had noted the Panamanian...South China Morning Post

BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal portsA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama for the alleged takeover of canal ports. This highlights a major international business and legal dispute.mymotherlode.com · United States

BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal ports – Winnipeg Free PressA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama following the takeover of canal ports. This represents a major international business and legal dispute.winnipegfreepress.com · Canada

BUSINESSAug 20Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over canal ports disputeHong Kong-based CK Hutchison has launched international arbitration against Panama, seeking more than HK$11.7 billion (US$1.5 billion) in damages over the government’s takeover of two strategic ports at the entrances to the Panama Canal. Announcing the move on Thursday, the Li Ka-shing family-backed conglomerate said Panama had breached an investment-protection treaty and international law through “sovereign acts” targeting its decades-old concession to operate the Balboa and Cristobal...South China Morning Post