DP World has described the government of Djibouti’s decision to apply a ruling by the country’s Supreme Court that all previous international adjudications are null and void as a “complete disregard for and contravention of the global legal system and existing contracts”.
Terminal operator insists nationalisation is illegal
LCIA states concession agreement is binding and valid
Massive fine relates to 2018 terminal operator expulsion
DPFZA disputes Dubai-based operator’s claims
Tensions increase on Horn of Africa after DIFTZ is launched
DP World has sent a warning to any parties that wish to operate Doraleh Container Terminal in Djibouti
Port operator DP World has been cleared of all charges over its operation of the Doraleh Container Terminal (DCT) in Djibouti, according to a statement from the Dubai Media Office.
DP World has won another legal hearing against Djibouti over the Doraleh Container Terminal, with the London Court of International Arbitration (LCIA) ordering the country to restore the rights and benefits under the 2006 Concession Agreement within two months.
Move taken following latest High Court ruling
DP World will soon finalize plans on the construction of a new port and economic zone in Dakar, Senegal.
New ruling reaffirms decision by LCIA