Djibouti Tells D.C. Circuit Creditor In $541M Dispute Didn’t Authorize Litigation

(June 29, 2023, 8:05 AM EDT) -- WASHINGTON, D.C. — The Republic of Djibouti in an appellant brief filed in the District of Columbia Circuit U.S. Court of Appeals says that a federal judge erred by confirming two London Court of International Arbitration (LCIA) arbitral awards worth more than $541 million against it despite the fact that the petitioner, a Djibouti-based joint venture, is currently under the control of an administrator who did not authorize the filing of the petition....