By Paul Nyakazeya UNITED Arab Emirates’ (UAE) DP World Limited and its subsidiaries have taken legal action against China for building an international free zone on a terminal being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic…
The government of Djibouti and the Dubai-based DP World firm exchanged fire in a battle of words at the weekend, following the London Court of International Arbitration (LCIA) ruling on Friday that Djibouti’s seizure of the Doraleh Container Terminal violates the parent company’s “valid and binding” agreement to operate the…
DP World said Thursday that it will be reviewing its options after the London Court of International Arbitration ruled that Djibouti’s seizure of the Doraleh Container Terminal in February violates the “valid and binding” agreement to operate the strategic port near the Bab al-Mandab Strait. The LCIA decision finds that…
Djibouti has pushed back against what it called “mercilessly pillorying” over speculation that the strategically located Doraleh Container Terminal (DCT) – seized from former operator DP World by its government last month – could be used to expand China’s footprint in the Horn of Africa while threatening United States interests….
DP World, the global shipping company based in Dubai, has pushed back against the Government of Djibouti after what it maintains is the illegal seizure of the Doraleh Container Terminal (DCT), a facility strategically located near the Bab al-Mandab Strait and operated by the firm under a 30-year agreement. “The…