ICSID Committee Rejects Tanzanian Entity’s Request To Annul $148M Award

(August 24, 2018, 2:29 PM EDT) -- WASHINGTON, D.C. — An ad hoc committee for the International Centre for Settlement of Investment Disputes (ICSID) on Aug. 22 denied a Tanzanian electric supply company’s application to annul a $148.4 million arbitral award in its entirety, holding that a tribunal did not manifestly exceed its powers (Standard Chartered Bank v. Tanzania Electric Supply Co., No. ARB/10/12, ICSID)....

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