Ethiopia: Shipping & Logistics Enterprise Gets 15m Br Out of a Total Claim for a Quarter of a Billion

The Lideta Federal High Court solaced the Ethiopia Shipping and Logistics Service Enterprise (ESLSE) with a ruling in its disfavour for a payment of 15.3 million Br with nine percent interest, rejecting its claim of 245 million Br from D.M.C Construction Plc.

The lawsuit by the state's shipping and logistics company also entangled NIB Insurance Plc, which had given a performance guarantee for up to131.2 million Br, but the insurer was spared from claims against it by the court decision.

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