.. subcription
    .. rss channels
    .. press releases
    .. contacts


            december 09, 2018

.. in english  .. по-русски  .. latviski    

Port of Hamburg Marketing

LDz Cargo

LKW Walter

  .. sitemap ..


  .. publications ..


  .. news ..


  .. advertisement ..





LKW Walter
LDz Cargo
 
  .. partners ..

Indiaexportnews.com

Arbitration ruling upholds DP World contract, but Djibouti still defiant

  08.08.2018    

Dubai's DP World and the Government of Djibouti continue to dispute who has the right to operate the Doraleh Container Terminal in Djibouti, now that a London court or arbitration has ruled in the port operator's favour, according to Shipping Gazette.
Not acknowledging that the ruling of the London Court of International Arbitration went against Djibouti, its government responded: "International law recognises the ability of a sovereign nation to unilaterally cancel a concession contract on the grounds of public interest, subject to the payment of fair compensation to the other party."
Said DP World: "This demonstrates that Djibouti does not recognise the international rule of law," adding that the arbitration decision "upholding the continuing validity of the concession is based on recognised principles of international law and is internationally binding both on the Djibouti government and so far as third parties are concerned".
The Government of Djibouti says a concession agreement granted to DP World in 2006 "contained severe irregularities and threatened the national interest and sovereignty of Djibouti" leading the state to seize the terminal in February this year.



.. search ..