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Dubai-based logistics group DP World has reportedly prevailed in another LCIA arbitration with Djibouti over a strategic port facility on the Red Sea, with a sole arbitrator rejecting a state-owned entity’s bid to escape a joint venture agreement.
12 July 2021
UAE logistics group DP World is demanding US$210 million in an LCIA claim against Djibouti after the state refused to hand back control of a major port facility on the Red Sea.
13 April 2021
A subsidiary of Emirati logistics group DP World has applied to a US court to enforce LCIA awards totalling more than US$485 million against the east African state of Djibouti arising from a bitter dispute over a strategic port facility on the Red Sea.
15 September 2020
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