Government canceled DP World’s management contract in February
U.K. tribunal ruled last month that cancelation was unlawful
By Nizar Manek 10 September 2018
Djibouti’s government nationalized the national port company’s stake in the Doraleh Container Terminal, escalating its battle with DP World Ltd. for control of the harbor.
The step comes a month after a U.K. tribunal ruled that Djibouti’s cancellation in February of DP World’s contract to run DCT was unlawful. It also follows the High Court of England & Wales’ granting of an injunctionlast week restraining Port de Djibouti SA, or PDSA, from treating its joint-venture agreement with DP World as terminated.