London International Arbitration confirms the illegality of Djibouti’s seizure of the container station, which was built by “DP and Reld”

The London International Arbitration Court (LCIA) issued its final ruling in the case brought between the Dubai World Ports Group “DPDDDD” and the Djibouti Port Company (PDSA) owned by the Djibouti government, according to a statement issued by the Dubai World Ports Group.

According to the statement, the court confirmed that the 2018 Djibouti’s seizure of the Dural container station (DCT) was illegal. Although the court refused to grant compensation against the Djibouti Port Company on the pretext that the damage caused by the government of Djibouti, not the Djibouti Port Company, the claims of the Dubai World Ports Group, which is worth about one billion US dollars, against the government and its partner, China Mirchantz Port Holding, still exists.

The current arbitration decisions are still in favor of DP World, which amounts to about $ 685 million against the Djibouti government, in effect and can be implemented. The Djibouti government has so far refused to implement these binding decisions, which is a contempt for the rule of law and international commercial standards.

The London International Arbitration Court has also confirmed that the 50 -year Dubai Ports International Ports Convention at the Duraleh container station is legally valid and is still binding, and that an attempt to end it is illegal. However, the government continues to prevent Dubai World Ports from exercising its rights at the station.

The Djibouti Port Company was given costs in this procedure specifically. However, previous rulings issued by the London International Arbitration Court showed that the Djibouti Port Company’s attempt to end the 2006 joint project agreement for Duraleh container container was illegal. The end result is that the Djibouti Port Company is still a city for Dubai World Ports with a large amount.

This ruling ends the arbitration procedures in the London International Arbitration Court, but it does not end the broader dispute for the “DP and Reel” group. The group will continue to follow all the legal means available to obtain fair compensation and enforce its rights against the government of Djibouti and the China Merchants.

Dubai Ports World Group also rejects the false allegations made by the Djibouti government in response to the ruling. Stressing that the statement of President Ismail Omar, his last generation, through the video, is trying to the facts of the case and ignore many binding decisions issued by neutral courts.

An official spokesman for the Dubai Ports Group “DP and Drd” said: “The president’s allegations contradict reality, and this has proven this independent international courts over and over again. The global successful billions of dollars in the African continent and the world, which led to the creation of job opportunities, infrastructure and a distinct growth, and we will always defend fair treatment and the rule of law.