Sunday, 17 June 2018 17:14

DP World denies out of court settlement on Djibouti Doraleh port

2018617636647986731452488DP World denies out of court settlement on Djibouti Doraleh port
Dubai-based DP World 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 tot the dispute with the Djiboutian Government over their illegal action in taking control of the port at Doraleh," the company said in an emailed statement.
 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.
"We await the outcome of this process. We remain committed to operating Doraleh port as per original the original agreement of the concession, and we will not consider any other alternative settlement option"
 
CPiFinancial
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