Suldaanka Posted April 4, 2019 Court orders Djibouti to pay $385m for exclusivity breach: UAE news agency The United Arab Emirates said on Thursday that the London Court of International Arbitration had ordered Djibouti to pay Doraleh Container Terminal (DCT), partially owned by DP World, $385 million plus interest for a breach of exclusivity. UAE state news agency WAM said that the court had found that Djibouti had breached DCT’s exclusivity rights by developing new container port opportunities with China Merchants, a Hong Kong-based port operator. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Court orders Djibouti to pay $385m for exclusivity breach WWW.THEEASTAFRICAN.CO.KE Court finds that Djibouti breached DCT’s rights by developing new container port. Quote Share this post Link to post Share on other sites
Suldaanka Posted April 4, 2019 The UAE is holding IOG by the balls, so to speak. It is designed to make Djibouti tow the Western line and not go too far with China. 1 Quote Share this post Link to post Share on other sites
Holac Posted April 4, 2019 That amount will completely bankrupt Djibouti. Unbelievable. UEA snake is sending a strong message to its pawns in the region: don't breach or dismiss our interests or else you will pay dearly. Quote Share this post Link to post Share on other sites
Old_Observer Posted April 5, 2019 8 hours ago, Suldaanka said: The UAE is holding IOG by the balls, so to speak. It is designed to make Djibouti tow the Western line and not go too far with China. Not so fast. Ethiopia may have share or part ownership and Ethiopia was exempted in the exclusivity for certain size, volume, distance from Doraleh..etc. Example exclusive port for meat and live animal. Another port for Potash.. Djibouti can also go to Sweden or Swizerland for another court, unless the jurisdiction was mentioned in the agreement. Note that Russia was ordered to pay 50 Billion for the oligarch, but Russia said was political case and made it unenforceable. This case is also political. Even the vulgar talk of UAE can come back to serve them ill. The Chinese would never have invested, had they received any doubt from their lawyers. UAE is just bluffing for the most part on this. Only the Doraleh is in dispute and Ghelleh knows the worst amount that can come from it. As long as Ethiopia draggs its feet or has no money to use Eritrea or road to Somaliland, Ghelleh is safe. Quote Share this post Link to post Share on other sites
maakhiri1 Posted April 5, 2019 7 hours ago, Holac said: That amount will completely bankrupt Djibouti. Unbelievable. UEA snake is sending a strong message to its pawns in the region: don't breach or dismiss our interests or else you will pay dearly. It is nothing, Chinese will cover or who takes over. Quote Share this post Link to post Share on other sites
maakhiri1 Posted April 5, 2019 9 hours ago, Suldaanka said: The UAE is holding IOG by the balls, so to speak. It is designed to make Djibouti tow the Western line and not go too far with China. I understand, China must be last resort, what about France, THEY are protector and have alot in stake Quote Share this post Link to post Share on other sites
maakhiri1 Posted April 5, 2019 THIS is also good news for SL/Berbera ? When time comes will be able to kickout these UAE basterds!! Quote Share this post Link to post Share on other sites
