New Investor-State cases filed against Tanzania
On April 16, 2019 the Tanzanian government faced an ICSID claim bro itught by Ayoub-Farid Michel Saab, a Dutch citizen. The claim is brought under the recently cancelled Tanzania-Netherlands BIT. The dispute relates to the banking sector. Ayoub-Farid Michel Saab is among the owners of the FBME Bank incorporated in Tanzania.
The Claimant is represented by Quinn Emmanuel Urquhart & Sullivan out of Paris and Madkour Law Firm out of Beirut. The Government of Tanzania is yet to announce its representatives.
Following this case, on May 31st 2019, a new ICSID was filed against the Tanzanian government by Symbion Power Tanzania Limited, Richard N. Westbury and Paul D. Hinks. The case relates to an electric power generation project and is based on the Tanzania-United Kingdom of Great Britain and Northern Ireland.
The Claimant is represented by Omnia Strategy and Lucas Bastin from Essex Court Chambers in London. The Tanzanian government is yet to announce its representatives.
IARB Africa