A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has expanded international arbitration claims against Panama, alleging damages have “escalated beyond US$2 billion” in what it called an “illegal takeover” of ports and property. The Panama Ports Company (PPC), part of Hong Kong tycoon Li Ka-shing’s family-owned conglomerate, announced the expanded claims on Tuesday local time - a month after the takeover of terminals at the ports of Balboa and Cristobal at the Panama Canal. The move...