Most of the legal costs are borne to Tanzania.413. For the reasons set forth above, the Tribunal unanimously decides as follows:
- IX. AWARD
- (1) The Tribunal has jurisdiction over the dispute submitted to it in this arbitration;
- (2) The Respondent unlawfully expropriated the Claimants’ investment in Tanzania, in breach of Article 5 of the BIT;
- (3) The Respondent shall pay the Claimants USD 76,704,461.76 in damages and additional losses; 295 The remaining balance will be reimbursed to the parties in proportion to the payments that they advanced to ICSID.
- (4) The Respondent shall pay the Claimants compound interest at the rate of 2% above the USD Prime rate on the amount awarded in (3) above, such compound interest to run from 10 January 2018 until the date upon which payment is made;
- (5) The costs of the arbitration, including the fees and expenses of the Tribunal and ICSID, shall be borne by the Respondent. The Respondent shall accordingly pay the Claimants USD 254,420.07 as reimbursement for the Claimants’ share of the costs of the arbitration;
- (6) The Respondent shall pay the Claimants USD 3,859,161 in respect of the Claimants’ legal costs and expenses;
- (7) All other claims are dismissed
- Forums
- ASX - By Stock
- IDA
- Ann: Publication of ICSID ad hoc Committee Decision
Ann: Publication of ICSID ad hoc Committee Decision, page-118
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IDA (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.92M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
IDA (ASX) Chart |
Day chart unavailable