2018 - First of Its Kind Public-Private Port Partnership

In October 2018, Diamond State Port Corporation (“DSPC”), an entity formed and owned by the State of Delaware, finalized a fifty-year lease and concession agreement with Gulftainer, an Emirati port operator. Morris Nichols served as lead counsel to DSPC, negotiating and drafting the transaction and real estate documents on behalf of the DSPC and overcoming significant complexities, including federal and state regulatory approvals. Gulftainer has said the port deal represents the largest operation ever run by a United Arab Emirates company in the United States as well as the largest investment ever by a private UAE company in the country.