Judge Directs Parties To Propose Order Confirming $500M Awards Against Djibouti

Mealey's (February 8, 2023, 10:18 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Feb. 7 ordered the Republic of Djibouti and a Djibouti-based joint venture (JV) to submit a proposed order within one week adhering to his recent oral order granting the JV’s petition to confirm two London Court of International Arbitration (LCIA) awards worth more than $500 million against Djibouti for harming the JV’s investment in a container ship terminal....