• Resources
  • About
Tuesday, April 13, 2021
No Result
View All Result
Voice of Djibouti
  • fr Français
  • en English
  • Home
  • News
  • Politics
  • Business
  • Regional news
  • Opinion
  • Security
  • China
  • Home
  • News
  • Politics
  • Business
  • Regional news
  • Opinion
  • Security
  • China
No Result
View All Result
Voice of Djibouti
No Result
View All Result
Home Hot news

DP World Slams Djibouti Following Supreme Court Ruling

August 4, 2019
in Hot news, News
DP World Slams Djibouti Following Supreme Court Ruling

Sculpture of Themis, mythological

71
VIEWS
Share on FacebookShare on Twitter

PORT TECHNOLOGY

1 August 2019

DP World Slams Djibouti Following Supreme Court Ruling

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 concerning the Doraleh Container Terminal (DCT) are null and void as a “complete disregard for and contravention of the global legal system and existing contracts”.

In a statement, the terminal operator says Djibouti has demonstrated a complete disregard for “recognized legal practice and respect for contracts calling into question any investment in the country both now and in the future”.

The move is the latest in the long-running dispute between DP World and Djibouti around the DCT.

DP World was awarded the concession for the DCT in 2006 but was expelled in February 2018 following Djibouti seizure of the terminal.

Five rulings from the London Court of International Arbitration (LCIA) have deemed the seizure illegal and called on Djibouti to respect the concession agreement.

The latest, in March 2019, ordered Djibouti to pay DP World US$385 million, plus interest, for breaking the concession agreement.

Furthermore, the LCIA also found that Djibouti developed new container port opportunities with China Merchants Holdings International Co. (China Merchants), which was a further breach of the concession agreement.

DP World has also undertaken litigation against China Merchants in front of a Hong Kong court. PTI has reported extensively on this story.

https://www.porttechnology.org/news/dp-world-slams-djibouti-following-supreme-court-ruling/?cn-reloaded=1

 

 

Tags: China merchantsDCTDjiboutiDP WorldLCIA
Next Post
China’s naval expansionism is natural path for emerging global power

China's naval expansionism is natural path for emerging global power

Popular news

  • Oriole Resources’ Djibouti vehicle secures funding for major drilling campaign

  • Tanzania Pushes Back on Chinese Port Project

  • Russia Can’t Compete With China in Africa. Not Yet

  • SFD to finance Djibouti infrastructure projects

  • The Shifting Sands Of Djibouti – Analysis

  • The Chinese Piece in Iran’s War Games

  • Kenya-Djibouti row delays choice of new IGAD leader

About us

Voice of Djibouti is an online news portal that provides coverage of business and political developments within Djibouti and the wider Horn of Africa. Voice of Djibouti features interesting news items from a range of publications, informative commentary pieces and a number of resources for those seeking information on Djibouti. We aim to become the number one independent news source in Djibouti, ensuring that all Djiboutian’s can keep fully informed of the latest developments.
  • Resources
  • About

© 2019voiceofdjibouti.com

No Result
View All Result
  • Home
  • Politics
  • Business

© 2019voiceofdjibouti.com