The government of Djibouti has initiated legal action against DP World as it seeks to rescind the terminal operator’s concession in Doraleh, alleging that bribery was used to secure the contract in 2000.
The government said in a statement that “the resulting agreement unfairly favoured DP World”, and that it rescinded the 20-year concession and would launch a case before the London Court of International Arbitration after out-of-court negotiations failed.
The Dubai-based operator has strongly denied the allegations.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.