DP World wins another round against Djibouti on Doraleh
- Date: 24-Jan-2022
- Source: Energy Voice
- Sector:Economy
- Country:Middle East
DP World wins another round against Djibouti on Doraleh
DP World has won another court case against Djibouti, on the Doraleh terminal, in London, while also pursuing a Chinese company on the issue.
The London Court of International Arbitration (LCIA) awarded $200.75 million in damages to DP World and its joint venture. This covers the period from February 2018 to December 2020. The court also found DP World’s operating agreement was still valid.
The damages were based on lost fees, of $164.6mn, in addition to cash taken by Djibouti when it seized Doraleh, of $36.2mn.
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