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Latin Times
Latin Times
World

Panama Lawsuit Requests Axing Hong Kong Firm's Canal Concession

Panama Hong Kong CK Hutchison Holdings Donald Trump Marco Rubio Panama Ports Company Li Kashing
A subsidiary of CK Hutchison Holdings -- owned by Hong Kong billionaire Li Ka-shing -- manages two of the canal's five ports, an arrangement in place since 1997 via a concession from the Panama government. (Credit: AFP)

Two Panamanian lawyers filed a complaint Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump's threats to seize the vital waterway.

A subsidiary of CK Hutchison Holdings -- owned by Hong Kong billionaire Li Ka-shing -- manages two of the canal's five ports, an arrangement in place since 1997 via a concession from the Panama government.

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