The Mississippi State Port Authority at Gulfport v. Yilport Holding A.S., Yilport Mississippi Container Terminal Management LLC d/b/a Yilport Mississippi and Yilport Mississippi Container Terminal Management II LLC d/b/a Yilport Gulfport

CourtMississippi Supreme Court
DecidedAugust 14, 2025
Docket2024-IA-00140-SCT
StatusPublished

This text of The Mississippi State Port Authority at Gulfport v. Yilport Holding A.S., Yilport Mississippi Container Terminal Management LLC d/b/a Yilport Mississippi and Yilport Mississippi Container Terminal Management II LLC d/b/a Yilport Gulfport (The Mississippi State Port Authority at Gulfport v. Yilport Holding A.S., Yilport Mississippi Container Terminal Management LLC d/b/a Yilport Mississippi and Yilport Mississippi Container Terminal Management II LLC d/b/a Yilport Gulfport) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
The Mississippi State Port Authority at Gulfport v. Yilport Holding A.S., Yilport Mississippi Container Terminal Management LLC d/b/a Yilport Mississippi and Yilport Mississippi Container Terminal Management II LLC d/b/a Yilport Gulfport, (Mich. 2025).

Opinion

IN THE SUPREME COURT OF MISSISSIPPI

NO. 2024-IA-00140-SCT

THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT

v.

YILPORT HOLDING A.S., YILPORT MISSISSIPPI CONTAINER TERMINAL MANAGEMENT LLC D/B/A YILPORT MISSISSIPPI AND YILPORT MISSISSIPPI CONTAINER TERMINAL MANAGEMENT II LLC D/B/A YILPORT GULFPORT

DATE OF JUDGMENT: 01/16/2024 TRIAL JUDGE: HON. LISA P. DODSON TRIAL COURT ATTORNEYS: MICHAEL BRANT PETTIS BEN HARRY STONE ALISON G. GETER CHRISTOPHER SOLOP JOHN KISSANE TIMOTHY JAMES ANZENBERGER LYNN PATTON THOMPSON SABIH SIDDIQI CELINDA JOAN METRO STEPHEN L. THOMAS SIMON TURNER BAILEY JAMES STEPHEN FRITZ, JR. COURT FROM WHICH APPEALED: HARRISON COUNTY CIRCUIT COURT ATTORNEYS FOR APPELLANT: MICHAEL BRANT PETTIS BEN HARRY STONE ALISON G. GETER ATTORNEYS FOR APPELLEES: LYNN PATTON THOMPSON ROSS DOUGLAS VAUGHN CHRISTOPHER SOLOP NATURE OF THE CASE: CIVIL - STATE BOARDS AND AGENCIES DISPOSITION: AFFIRMED IN PART; REVERSED IN PART; AND REMANDED - 08/14/2025 MOTION FOR REHEARING FILED: CONSOLIDATED WITH

NO. 2024-IA-00149-SCT

YILPORT HOLDING A.S., YILPORT MISSISSIPPI CONTAINER TERMINAL MANAGEMENT, LLC D/B/A YILPORT MISSISSIPPI AND YILPORT MISSISSIPPI CONTAINER TERMINAL MANAGEMENT II, LLC D/B/A YILPORT GULFPORT

DATE OF JUDGMENT: 01/16/2024 TRIAL JUDGE: HON. LISA P. DODSON COURT FROM WHICH APPEALED: HARRISON COUNTY CIRCUIT COURT ATTORNEYS FOR APPELLANTS: CHRISTOPHER SOLOP LYNN PATTON THOMPSON ROSS DOUGLAS VAUGHN ATTORNEYS FOR APPELLEE: BEN HARRY STONE MICHAEL BRANT PETTIS ALISON G. GETER NATURE OF THE CASE: CIVIL - STATE BOARDS AND AGENCIES DISPOSITION: AFFIRMED IN PART; REVERSED IN PART; AND REMANDED - 08/14/2025 MOTION FOR REHEARING FILED:

BEFORE KING, P.J., MAXWELL AND GRIFFIS, JJ.

KING, PRESIDING JUSTICE, FOR THE COURT:

¶1. The Mississippi State Port Authority at Gulfport (Port Authority) and Yilport Holding

A.S. (Yilport) signed a letter of intent (LOI) concerning the potential expansion and

operation of the Port of Gulfport. After negotiations were unsuccessful, the Port Authority

initiated suit for declaratory and injunctive relief, and Yilport counterclaimed. The Port Authority later changed course and filed a motion for summary judgment asserting as a

defense Mississippi’s minutes rule.

¶2. The trial court granted partial summary judgment and denied partial summary

judgment, finding that the minutes rule applied, that the LOI at issue was not sufficiently

spread upon the minutes, and that the LOI was, therefore, unenforceable. The trial court

dismissed all claims pertaining to the LOI. The trial court allowed Yilport’s claims of unjust

enrichment and misappropriation of trade secrets to proceed. Thereafter, the Port Authority

and Yilport each filed motions for interlocutory appeal. This Court granted both motions and

consolidated the appeals.

FACTS AND PROCEDURAL HISTORY

¶3. The Port Authority, an agency of the state of Mississippi, has the authority to manage,

develop, and oversee the daily affairs of the Port of Gulfport for the benefit of the state and

its residents.

¶4. Yilport Holding A.S. is a foreign corporation organized and existing under the laws

of Turkey. Yilport Mississippi Container Terminal Management LLC d/b/a Yilport

Mississippi and Yilport Mississippi Container Terminal Management II LLC d/b/a Yilport

Gulfport are both Delaware limited-liability companies with their principal places of business

in Pittsburgh, Pennsylvania. The entities will be collectively referred to as Yilport.

¶5. In September 2017, Yilport and the Port Authority entered into a LOI to potentially

finance and construct a 160-acre expansion of the Port of Gulfport and to enter into a long-

term, exclusive operating lease by the Port Authority to Yilport of the completed project site.

3 In February 2018, Yilport and the Port Authority signed a second LOI. On December 19,

2019, Yilport and the Port Authority entered into a third and final LOI for an operating

agreement that evidenced the mutual intent of the parties to enter into discussions and

negotiations regarding a potential agreement for operating certain areas and facilities situated

on West Pier and North Harbor of the Port of Gulfport. The third LOI “supersed[ed] all other

written or oral agreements and discussions between the Parties or their Representatives

related thereto.” The LOI included a provision under paragraph two providing that each party

agreed to keep confidential all confidential information provided by the other party unless

the party obtained prior written consent. Paragraph three stated that either party could

terminate the LOI without recourse upon written notice to the other party at any time after

180 days after the date of the LOI.

¶6. The LOI additionally included an exclusivity provision that stated:

5. Exclusivity. The Port Authority agrees that it will not, during the longer of (a) 180 days from the date of this LOI or (b) the Term, consider, entertain, or take any action to elicit, initiate, encourage, or assist the submission of, any proposal, negotiation, or offer from any person or entity other than Yilport and its affiliates and subsidiaries relating to all or any part of the Potential Transaction, including but not limited to transactions which are inconsistent with the full performance in good faith by the Port Authority of any of the terms of Exhibit A. . . . The Port Authority undertakes to promptly notify Yilport of any written offer or potential agreement that is similar to the Potential Transaction.

It further provided:

7. Legal Effect.

(a) This LOI: (i) does not constitute a legally binding agreement, except for those provisions set forth in paragraph 7(b) below; (ii) does not constitute a legally binding offer or agreement to

4 consummate the Potential Transactions or any other transaction or enter into any agreement with respect to the Potential Transaction; and (iii) does not constitute the basis for an agreement by estoppel or otherwise.

(b) The provisions of paragraphs 2, 3, 4, 5, 6, 7, and 8 of this LOI are legally binding upon the Parties and will survive the termination of this LOI.

¶7. The minutes for the Port Authority’s December 19, 2019, board of commissioners

meeting reflected that a commissioner moved to “amend the agenda to include the

consideration of a Letter of Intent for an Operating Agreement with YILPORT Holdings

A.S.” The commissioner then “moved to approve a Letter of Intent for an Operating

Agreement with YILPORT Holdings A.S.” The motion was unanimously approved.

¶8. The parties extended the termination provision contained in the LOI several times.

The June 18, 2020, board minutes reflected that a commissioner “moved to approve

Amendment 1 to the Letter of Intent with YILPORT. Amendment 1 adds 180 days.” The

December 17, 2020, board minutes stated: “Commissioner Rester moved to amend the

agenda to add the extension of the Letter of Intent with YILPORT. . . . Commissioner Rester

moved to approve the extension of the Letter of Intent with YILPORT through January 31,

2021.”1 Lastly, the January 5, 2021, minutes stated that a commissioner had “moved to

approve an extension to the Letter of Intent between YILPORT and the MS State Port

Authority with a new expiration date of February 28, 2021.” The extensions were each

1 An agenda for the December 2020 meeting indicated that the LOI was an attachment to the agenda.

5 approved. The last extension provided that either party may terminate the LOI at any time

after February 28, 2021.

¶9.

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