Lamar Commodity Trading DMCC vs Prestige Investment SA and Others - Misc Commercial Application No 8954 of 2025 - 2026 TZHCComD 30 - 20 February 2026

Country
Year

2026

Summary

Court stayed proceedings pending LCIA arbitration, finding the arbitration clause valid and exceptions unproven. Arbitration - Stay of proceedings under section 15 Arbitration Act - Mandatory stay unless agreement is null, inoperative or incapable of performance; Kompetenz-Kompetenz - arbitrator’s priority on substantive jurisdiction; Distinction between section 14 (referral) and section 15 (stay); Party autonomy; Waiver and estoppel in arbitration context; Non-signatory parties and arbitrability.

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