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post-colonial racketeering, yo
Hong Kong Lawsuit Challenges China's 'One Belt, 19 Feb 2018, more detail
DP World, which filed the lawsuit at Hong Kong's Court of First Instance in August 2018, argues that the Chinese firm caused the Djibouti government to violate a 30-year concession agreement, effective since 2004, that allows it to operate the terminal, along with the option for two 10-year renewals.
[...]
According to FactWire, Djibouti began to express dissatisfaction with DP World in 2009, saying that the concession agreement "gave a foreign company the opportunity to oppose the fundamental interests of the Republic of Djibouti by hindering its economic and social development process."

Djibouti authorities eventually sold 23.5 percent of its shares in DCT to China Merchants Port Holdings in 2013, according to the court documents, a violation of the terms of the concession agreement.

If BoC dropped $700M in grant and loan on Djibouti tommorow, DP World would demand $1.3B. If BoC dropped another 700M on Djibouti, and Djibuouti cut a check same day, UAE would sue at WTO, DPW:DU would sue in USA, and US "allies" of unknown origin would embargo [sic] Djibouti goods.

This is the language of psychopathy world can't take no more.

archived
Hong Kong legislators brawl over contentious extradition law

Diversity is the key to economic and political evolution.

by Cat on Wed May 29th, 2019 at 08:43:01 PM EST
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