Dubai Port Investor Asks Court To Enforce $148M Award Against Djibouti

(May 31, 2023, 1:34 PM EDT) -- WASHINGTON, D.C. — A Dubai-based investor and partner in a joint venture that operated an African container terminal on the Red Sea filed a petition in District of Columbia federal court on May 30 to confirm a London Court of International Arbitration (LCIA) arbitral award worth more than $148 million against the Republic of Djibouti for causing it damages by canceling its contract, seizing the terminal and expelling its personnel from the country....