Tanzania-Symbion arbitration is off

Issue 440 - 10 Jun 2021 - By Dan Marks

The World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID) said on 31 May that a case brought by Symbion Power Tanzania Ltd (SPTL) and its owners Lord Richard Westbury and Paul Hinks against the Tanzanian government had been dropped. The end of the arbitration, which was registered on 31 May 2019, is another indication that the Tanzanian government is moving to settle high-profile disputes with international companies.

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