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The assignee of a UAE company has applied to enforce a US$30 million award stemming from a Tanzanian power deal, accusing US energy company Symbion Power and its executives of asset-stripping to evade payment.
14 May 2021
Tanzania has paid US$22 million to satisfy an UNCITRAL award after the Italian-owned creditors attempted to seize three aircraft purchased by the East African state following enforcement of the award in the Canadian courts.
30 April 2021
Tanzania is now facing three ICSID cases over the state's alleged revocation of mining licences after a Canadian company became the latest to make good on an earlier threat to bring a claim.
11 January 2021
A Perth-based miner has made good on a threatened US$95 million ICSID claim against Tanzania over the alleged expropriation of a nickel project following the state’s revocation of various mining licences.
30 September 2020
The government of Tanzania has proposed a number of long-awaited reforms to its arbitration act, including the creation of a new arbitral institution – as the country responds to an investor backlash to its regulatory regime that has led to several investment treaty claims.
12 February 2020
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