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
26, June 2024
Undisputed heavyweight world champion Usyk vacates IBF belt 0
Oleksandr Usyk has confirmed he will vacate his IBF title just weeks after he became undisputed world heavyweight champion.
The Ukrainian, 37, became the first heavyweight to hold the IBF, WBO, WBA and WBC belts when he beat Tyson Fury on a split decision in Saudi Arabia last month.
With Usyk now contracted to a rematch with Britain’s Fury, he is not in a position to defend the IBF crown against interim champion and mandatory challenger Daniel Dubois.
That means Dubois’ expected all-British fight against Anthony Joshua at Wembley in September could now be for the vacant title.
Usyk said in a video posted on social media: “Anthony and Daniel, listen. I know the IBF title is important to you. It is my present to you on September 21.”
Britain’s Lennox Lewis was the last man to unify the major heavyweight belts — three at the time — prior to Usyk, in 1999.
Source: AFP