DP World wins Djibouti dispute
A London-based arbitration panel has found in favour of DP World in a long-running dispute with the government of Djibouti over a port concession awarded to the company in 2014, the Dubai Government has said.
The arbitration claim was initiated by the government of Djibouti in 2014, when it accused Dubai’s state-backed DP World of bribing the head of Djibouti’s port authority Abdourahman Boreh.
At the time, DP World rejected the allegations and said it would “vigorously defend” its position during the arbitration procedure.
DP World added that it was “disappointed” that the Djibouti government had chosen to take such action after the two sides had worked so closely with one another for more than 14 years.
Further, Djibouti sought to rescind DP World’s concession in July 2014 after Dubai refused to extradite Mr Boreh. However, DP World continued to operate the terminal during legal proceedings.
The conclusion of the arbitration claim comes nearly a year after a London court dismissed charges brought by Djibouti in 2012 against Mr Boreh, accusing him of taking illegal payments.
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