Sunday, 17 June 2018

Dubai's DP World denies out of court settlement on Djibouti Doraleh port | ZAWYA MENA Edition

Dubai's DP World denies out of court settlement on Djibouti Doraleh port | ZAWYA MENA Edition:

"DP World, Dubai-based global marine terminal operator, has denied media reports stating that the company was looking for an out of court settlement with respect to the dispute with the Djiboutian government over their illegal action in taking control of the port at Doraleh. ''It has been noted in some reports that DP World may consider an out of court settlement with respect to the dispute with the Djiboutian government over their illegal action in taking control of the port at Doraleh,'' a company statement said. A DP World spokesperson said that the concession agreement remains in place, and the action taken by the Djiboutian government is subject to legal process in the International court of Arbitration in London."



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