Tanzania Hit by Second ICSID Dispute Related to Mining Retention Licenses
A request for the institution of arbitration proceedings against the United Republic of Tanzania (“Respondent”) was registered by the International Centre for Settlement of Investment Disputes (ICSID) Secretary General on October 5, 2020. This request was made by Nachingwea U.K. Limited (UK), Ntaka Nickel Holdings Limited (UK) and Nachingwea Nickel Limited (Tanzania) (“Claimants”). The claimants invoked the 1994 Bilateral Investment Treaty (BIT) between United Kingdom of Great Britain and Northern Ireland, on the one hand, and Tanzania, on the other.