Saturday , February 23 2019

DP World to defend its rights in Djibouti port

DUBAI / WAM

DP World said on Tuesday that it will continue to pursue all legal means to defend its rights as a shareholder and concessionaire in Doraleh Container Terminal SA in face of Djibouti’s blatant disregard for the rule of law and respect for commercial contracts.
On September 9 the President of Djibouti enacted a decree which purportedly transferred the shareholding of Port de Djibouti SA in Doraleh Container Terminal SA to the Government of Djibouti.
DP World said the transfer appears to have been made in an attempt to flout an injunction of the English High Court which restrains PDSA from using its shareholding to take control of DCT.

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