Djibouti, Port Owner Dismiss Dispute Over Reversed $541M Award

( December 5, 2024, 2:24 PM EST) -- WASHINGTON, D.C. — A U.S. District Court for the District of Columbia judge entered a minute order dismissing a terminal operator’s petition to confirm a more than $541 million award in its favor against the Republic of Djibouti, which was remanded after the D.C. Circuit U.S. Court of Appeals reversed an earlier confirmation of the arbitral award, after the parties stipulated to dismiss this case while allowing certain discovery obtained to be used in related proceedings....