Dubai-based port and terminal operator DP World has once again won an international ruling […] The post Djibouti terminal dispute: Court rules in favor of DP World appeared first on Offshore…
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DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal.
DP World’s press release:
DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages.
An independent expert has estimated the losses to DP World at more than USD 1 billion. The ruling by the Tribunal said Djibouti had...
DP World announcement:
A decision to be taken later this week by the government of Djibouti to apply to the country’s high court to rule all previous international adjudications null and void is a complete disregard for and contravention of the global legal system and existing contracts.
The move is proof of Djibouti’s complete disregard for recognized legal practice and respect for contracts calling into question any investment in the country both now and in the future.
Doraleh Container Terminal...
https://container-news.com/dp-world-slams-djibouti-doraleh-terminal-case/
DP World: Djibouti’s recent action to denounce the Rule of Law is threatening any investment in the country.
London court orders Djibouti to pay USD 385 million plus interest for violating DCT exclusivity rights.
The government of Djibouti has been ordered by a London court to pay more than $500m in penalties to DP World for breaking exclusivity rights and non-payment of royalties to its part-owned subsidiary, Doraleh Container Terminal (DCT).
The London Court of International Arbitration yesterday ruled on a case brought by DCT – one-third owned by DPW World and two-thirds by Djibouti Port Authority – against the government of Djibouti .
It claimed …
The row in the Horn of Africa between DP World and the government of Djibouti rumbles on, and now appears to be dragging the Chinese government to the courts. The Dubai operator is suing it for the investment of state-owned port operator China Merchants and its role in acquiring a 23.5% stake in Djibouti’s state-owned port authority [PDSA] and subsequent development of an adjacent free trade zone. PDSA has been …
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