Indiana Resources Limited Press release regarding ICSID Arbitration against the Government of Tanzania - 8 March 2021
Country
Year
2021
Summary
- Mr Cavinder Bull SC appointed as President of the Arbitration Panel
- Arbitral Panel now fully constituted
- First procedural hearing scheduled for 22 nd April 2021
- Claim for compensation is in excess of US$ 95 million
- All rights reserved to increase the compensation claim during arbitration
- All legal costs funded through US$4.65m litigation funding facility confirmed in August 2020
Nachingwea U.K. Limited (UK), Ntaka Nickel Holdings Limited (UK) and Nachingwea Nickel Limited (Tanzania) v. United Republic of Tanzania (ICSID Case No. ARB/20/38)