Indiana Resources - Press release Request for Arbitration lodged against Tanzania - Minimum US$95m Compensation Claim Lodged Against Tanzania - 30 September 2020
Country
Year
2020
Summary
- Request for Arbitration lodged with International Centre for Settlement of Investment Disputes - a division of the World Bank
- Request includes claim for compensation in excess of US$ 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
- Indiana now working to prepare full Statement of Claim for compensation
