Indiana Resources Limited 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
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)
