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London court orders Djibouti to restore DP World's rights over Doraleh port – WAM

15th January 2020

By: Reuters

  

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A London arbitration court has ordered Djibouti to restore DP World's right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the State news agency WAM reported on Tuesday.

The government of Djibouti seized the terminal from Dubai government-controlled DP World in February 2018 over a dispute dating back to at least 2012.

An independent expert has estimated the losses to DP World at more than $1-billion, WAM reported.

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Edited by Reuters

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