Expeditors in court – let's kick the can down the road
To be continued
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The government of Djibouti has been ordered by a London court to pay more than $500m in penalties to DP World for breaking exclusivity rights and non-payment of royalties to its part-owned subsidiary, Doraleh Container Terminal (DCT).
The London Court of International Arbitration yesterday ruled on a case brought by DCT – one-third owned by DPW World and two-thirds by Djibouti Port Authority – against the government of Djibouti .
It claimed the government had breached an exclusivity clause in DCT’s concession ...
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