Summary

This is my judgment on an application for security for costs. It is made by DP World Djibouti Fzco ("DPW") against the Claimant, Soprim Construction Sarl ("Soprim"). These proceedings were commenced by Soprim on 26 February 2019 against the Defendant, the Republic of Djibouti ("the Republic") in order to enforce arbitral awards obtained by Soprim against the Republic in the principal sum of US$56 million plus interest and costs, amounting now to a total sum in excess of US$135 million. By an order made on 21 March 2019 on the usual initial without notice basis, Teare J gave permission to Soprim so to enforce the awards ("the Enforcement Order"). Neither then nor later did the Republic ever seek to set aside the Enforcement Order.