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DP World and Doraleh v. Djibouti, Judgment of the United States District Court for the District of Columbia, July 23, 2024

23 Jul 2024
DP World Djibouti FZCO and Doraleh Container Terminal SA v. Republic of Djibouti (II), LCIA Case No. 183886
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Judgment of the United States District Court for the District of Columbia
Document Details:
LISTED PARTICIPANTS
Judgment of the United States District Court for the District of Columbia
Participants listed are for this document only and may not include all participants involved in the entire case. Always consult the original documents.
Claimant appointee
Respondent appointee
Tribunal/Panel chair
Arbitrator(s)
Sole Arbitrator
ICSID Annulment Committee president
ICSID Annulment Committee members
WTO Appellate Body members
WTO Appellate Body chair
Judges
Colleen Kollar-Kotelly
Claimant's counsel
Claimant's law firm
Respondent's counsel
Respondent's law firm
Other counsel
Claimant's expert
Claimant's expert firm
Respondent's expert
Respondent's expert firm
Claimant's witness
Respondent's witness
Other witnesses
Tribunal secretary
Tribunal assistant
Third-party funder
Entities
Djibouti, DP World Djibouti FZCO, Doraleh Container Terminal SA
Country
United States
Print reporter
Document Summary
Judgment of the United States District Court for the District of Columbia
This summary note is machine-generated. Always consult the original materials.

Procedural Posture

This document is a Final Judgment issued by the United States District Court for the District of Columbia, granting Petitioner DP World Djibouti FZCO's Petition to Confirm a Foreign Arbitration Award against Respondent, the Republic of Djibouti.

Decision and Relief Granted

The Court entered judgment in favor of the Petitioner in the total amount of $194,275,379.94, enforcing the damages awarded in the underlying Third Partial Final Award dated January 20, 2022. The dispositive sum comprises $31,390,693 for lost management fees and $116,772,715 for lost dividends pursuant to the underlying Concession Agreement.

In addition to the principal damages, the Court awarded substantial accrued interest on both the lost management fees and lost dividends. The judgment specifies the application of 12-month USD LIBOR and 180-day SOFR benchmark rates, plus a four percent margin compounded annually, alongside precise per diem accrual rates continuing through July 31, 2024.