London Court Archives

Court Ordered Djibouti to Compensate DP World With $385m

April 5, 2019April 5, 2019TesfaNewsLeave a Comment

BY TESFANEWS 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.

London Court Stops Djibouti from Terminating DP World Joint Venture

September 5, 2018September 5, 2018TesfaNewsLeave a Comment

London Court bars Djibouti from treating its joint venture shareholders’ agreement with DP World as terminated. BY 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 […]