Biya’s message to the Youth on the 60th edition of the National Youth Day
How Cameroon pays the price for disrespecting contracts
Arrest of Issa Tchiroma’s photographer: shameful, disgusting and disgraceful
Paul Biya: the clock is ticking—not on his power, but on his place in history
Yaoundé awaits Biya’s new cabinet amid hope and skepticism
4 Anglophone detainees killed in Yaounde
Chantal Biya says she will return to Cameroon if General Ivo Yenwo, Martin Belinga Eboutou and Ferdinand Ngoh Ngoh are sacked
The Anglophone Problem – When Facts don’t Lie
Anglophone Nationalism: Barrister Eyambe says “hidden plans are at work”
Largest wave of arrest by BIR in Bamenda
25, June 2024
French court backs Douala port in Bolloré dispute 0
On June 19, the Court of Cassation in Paris ruled in favor of the Port of Douala (PAD) in its dispute with the French group Bolloré over container terminal concessions.
The court overturned a previous decision by the Paris Chamber of Commerce, which had ordered the port to pay €58.6 million to a Bolloré subsidiary that lost a bid for the concession.
This marks a major victory for the Port of Douala in a five-year legal battle against Douala International Terminal (DIT), formerly a Bolloré subsidiary now owned by MSC Group. DIT had sued the port after losing the contract renewal for the container terminal.
Bolloré and its partner, APMT, had managed the terminal for 15 years and claimed the bidding process was unfair.
In early 2019, DIT sought arbitration with the International Chamber of Commerce in Paris. In November 2020, the chamber ordered the port to pay €58.6 million to DIT for damages.
The French Court of Cassation recently overturned this decision due to irregularities in the arbitration tribunal, including collusion between a judge and a Bolloré lawyer. However, DIT believes the ruling is procedural and not yet final, indicating the case continues.
Source: Africa News