Standard Chartered Bank Hong Kong Limited v Tanzania - ICSID Case No. ARB/15/41 - Award of the Tribunal - 11 October 2019
Country
Year
2019
Summary
Reproduced from www.worldbank.org/icsid with permission of ICSID. (Document, does not apply to summary and/or TDM IACL Case Report below).
Case Report (free download)
Case Report by Patricia Zghibarta, Editor: Ignacio Torterola
Summary
The Claimant (Standard Chartered Bank (Hong Kong) Limited) brought an action against the United Republic of Tanzania pursuant to the Implementation Agreement between the Government of the United Republic of Tanzania and Independent Power Tanzania Limited. The Claimant alleged that the Respondent breached Articles 15 and 16 of the Implementation Agreements and, as a result, claimed that it was entitled to terminate the Implementation Agreement. The Tribunal found that Claimant was entitled to compensation pursuant to termination under the Implementation Agreement and awarded damages for the breaches of the Implementation Agreement carried out by Respondent.
Main issues
expropriation, discrimination, failure to provide security, termination of agreement
Case report provided by International Arbitration Case Law (IACL)
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