Djibouti was dealt a heavy legal blow when a London Court of International Arbitration ordered it to pay $385 million in compensation to UAE global ports operator DP World over a breach of contract.
A London Court of International Arbitration has ordered Djibouti government to pay $385 million plus interest in compensation to UAE global ports operator DP World for unilaterally breaching a 50-year concession contract over the Doraleh Container Terminal. Continue reading Court Ordered Djibouti to Compensate DP World With $385m
London Court bars Djibouti from treating its joint venture shareholders’ agreement with DP World as terminated.
Messing with the wrong … If Djibouti Port Authority (PDSA) disobeys the Court’s order and seeks to replace DP World nominated directors of DCT on 9 September, it may be in contempt of court and face a fine or the seizure of its assets and its officers and directors may be imprisoned.
GOVERNMENT OF DUBAI | PRESS RELEASE
The High Court of England & Wales has granted an injunction restraining Djibouti’s port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders’ agreement with global trade enabler DP World as terminated. Continue reading London Court Stops Djibouti from Terminating DP World Joint Venture
The ruling comes as a blow to the debt-laden government of Djibouti and could potentially threaten the country’s ability to attract foreign investment. (Shutterstock)
DOMINIC DUDLEY | FORBES
The dispute between Dubai-based DP World and Djibouti over control of the east African country’s container port looks set to rumble on after the government it said “does not recognize” a decision by an international arbitration court that DP World’s contract to operate the port remains valid. Continue reading Djibouti Rejects Doraleh Terminal Arbitral Award
“Valid and Binding”: Tribunal declares validity of the concession agreement
London Court of International Arbitration finds Djiboutian Government’s seizure of Doraleh container terminal illegal.
GOVERNMENT OF DUBAI
An Arbitral Tribunal of the London Court of International Arbitration (“LCIA”) confirmed the illegitimacy of the Government of Djibouti’s action of seizing control of the Doraleh Container Terminal from DP World. Continue reading DP World Wins Arbitration Case for Djibouti’s Doraleh Terminal
Dwarf Djibouti is about to lose everything it gained in the last decade after it foolishly forced the UAE out to look for a port and military base elsewhere. An angry and capable UAE decided to build a direct competitor to Djibouti’s Doraleh port in Somaliland and military bases along the littoral on both sides of the Red Sea. Landlocked and Djibouti’s lone customer Ethiopia has been offered a chance both to shift its unacceptable reliance on Djibouti and fracture Somalia.
TAIMUR KHAN | THE ARAG GULF INSTITUTE
On February 22, Djibouti control of the Doraleh Container Terminal from its joint owner and operator, the Dubai-based DP World. The seizure was not wholly unexpected and was the culmination of Djibouti’s deteriorating bilateral ties with the United Arab Emirates and a lost legal battle with DP World to renegotiate the terms of the port concession that gave it a 33 percent equity stake in 2006. seized Continue reading UAE and the Horn of Africa: A Tale of Two Ports
DP World: “The Government of Djibouti today illegally seized control of the Doraleh Container Terminal S.A. from a Dubai Ports World owned entity that designed, built and, since 2006, operated the Terminal pursuant to a concession awarded by the Government in 2006.”
JON GAMBRELL | AP
Djibouti has seized control of a container terminal run by Dubai-based port operator DP World, the latest move in a long-running legal dispute over the facility in the East African nation.
The nationalization of the Doraleh Container Terminal in Djibouti comes as the United Arab Emirates’ interests across East Africa now also include a series of military bases allowing it to project power into the Red Sea and the crucial Bab el-Mandeb strait.
Continue reading Djibouti Seizes Control of DP World’s Container Terminal