I idly followed up on 'debt trap' developments in the past year, since the Summit. Looks like Dubai has put the squeeze on Djibouti, not unexpectedly considering its beach head value to ahh adversarial combatant proxy wtfs in the straits forthcoming.

Dispute Between Dubai And Djibouti Over Port Seizure Continues, Despite Tribunal Ruling, 3 Aug 2018

London Court of International Arbitration (LCIA) ruled that the Djibouti government had acted illegitimately when it seized control of the Doraleh Container Terminal from DP World on February 22 this year.

"English law" vs ROW (ie. Chinese FDI)

Djibouti [had] moved to strip the company of its concession. Under Law No. 202 enacted in 2017, along with a number of decrees issued in 2018, the government gave itself the power to terminate the contract with the Dubai-based port operator.

VOA | Prospect of Chinese Control of Djibouti Port Concerns [US] Senators, 13 Nov 2018b

In a letter to Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis, Republican Sen. Marco Rubio of Florida and Democratic Sen. Chris Coons of Delaware said they were concerned about Djibouti's termination of a contract for the Doraleh Container Terminal with United Arab Emirates-based DP World in February and the nationalization of the port in September.

Reports that Djibouti, heavily indebted to Beijing, would most likely cede the port's operations to a Chinese state-owned enterprise were "even more alarming," they said.

Djibouti Ordered To Pay $533M In Compensation to Dubai, 4 April 2019

m'k

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