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LCIA tribunal finds Djibouti owes port operator US$533m

LCIA tribunal finds Djibouti owes port operator US$533m
Published on: 08 April 2019
Published by: Law360
  • LCIA tribunal finds Djibouti owes port operator US$533m
  • What did the tribunal decide?

Article summary

Law360: A London Court of International Arbitration (LCIA) arbitral tribunal has ordered Djibouti to pay US$533m plus interest to a port operator partly owned by DP World for the alleged breach of an exclusivity deal that guaranteed development opportunities to the Dubai Government-owned company. or take a trial to read the full analysis.

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