Court Confirms $194M Award Against Djibouti In Favor Of Dubai Port Investor

(July 26, 2024, 2:50 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge adopted a magistrate judge’s report and recommendation in full and granted a petition to confirm a London Court of International Arbitration (LCIA) arbitral award against the Republic of Djibouti for harming a Dubai-based port investor by canceling its contract and seizing an African container terminal on the Red Sea....