LONDON (Halbeeg News) – The High Court of England and Wales in London has ordered that the injunction over Djibouti port operator Port de Djibouti should continue.
The ruling, which was first made on August 31 following a suit brought by Dubai’s DP World, prevents the company from interfering with the management of the joint venture company, Doraleh Container Terminal.
After the first ruling, DP World confirmed that it will continue to pursue all legal means to defend its rights as shareholder and concessionaire in the Doraleh Container Terminal, accusing the Djibouti government of a “blatant disregard for the rule of law”.
The company also issued a warning to other companies seeking to operate in the East African country.
In a separate proceeding, a tribunal at the London Court of International Arbitration ruled that the 2006 Concession Agreement between the government of Djibouti and DP World was fair and free from corruption.
Halbeeg News and News agencies
Discussion about this post