ICSID Orders Tanzanian Bank To Pay $148 Million Under Purchase Agreement

(October 20, 2016, 1:13 PM EDT) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Oct. 19 released its decision in a dispute over loans, ordering that a Tanzanian bank pay a U.K. bank $148.4 million under a power purchase agreement (Standard Chartered Bank v. United Republic of Tanzania, No. ARB/10/12, ICSID)....

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