Friday, 9 May 2014

Dubai tribunal can hear claim against DP World Sokhna, judge rules | The National

Dubai tribunal can hear claim against DP World Sokhna, judge rules | The National:



"A judge has ruled that a special tribunal in Dubai can hear a US$50 million legal claim against DP World from an Egyptian company that provided services to the port operator’s terminal near the Suez Canal in Egypt.



During a hearing yesterday, Sir Anthony Evans, the chairman of the Dubai World Tribunal at Dubai International Financial Centre, dismissed a submission by Clifford Chance, the law firm acting on behalf of the ports operator, that the Dubai World Tribunal was not the appropriate venue to handle the case. Clifford Chance had said the case should be heard in Egypt, where the dispute arose and where DP World’s subsidiary, DP World Sokhna, is based.



Sir Anthony gave DP World 28 days to respond to the claim made by Platinum Services, a logistics company. He also ordered DP World to pay $125,000 of Platinum’s legal bill."



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