The port was illegally taken over by the Panamanian government, and Cheung Kong Holdings is claiming $2 billion in compensation.

Hong Kong-based Hutchison Whampoa Limited's Panama Ports Company issued a statement on the 6th, stating that they have taken further actions to hold the Panamanian government accountable for their illegal takeover of the two container terminals in Balboa and Cristobal ports on February 23 this year. The Panama Ports Company has initiated international arbitration against the Panamanian government under the International Chamber of Commerce arbitration rules, seeking compensation of at least $2 billion.