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Tanzania Electric Supply Company Limited v. Independent Power Tanzania Limited

ICSID (Arbitration Tribunal).  20 December 1999 ; 22 May 2000 ; 09 February 2001 ; 24 May 2001 ; 12 July 2001 .

Published online by Cambridge University Press:  01 January 2021

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Abstract

Jurisdiction — ICSID Arbitration Rules, Rule 39 — UK Arbitration Act 1996, section 39 — Whether Tribunal has jurisdiction to award provisional measures

Provisional measures — Preservation of rights — “Conservatory measures” — Distinction between protection of rights and enforcement of rights — Balance of convenience — Urgent need for relief

Interpretation — Power Purchase Agreement — Conditions precedent — Government approval of the Agreement — Certification of compliance of Independent Engineer — Agreement on the Reference Tariff — Whether conditions precedent — Addendum No. 1 — Reference to “underlying assumptions” where assumptions not stated — Whether Addendum void for uncertainty

Interpretation — Implied terms — Business efficacy — Reasonableness and prudence in procurement of contracts — Termination — Breach of material obligations — Election, waiver and estoppel — Whether party estopped from relying on assertion of breach

Procedure — Ancillary claim — ICSID Arbitration Rules, Rule 40 — Allegations of bribery and conspiracy — Insufficient evidence to support

Type
Case Report
Copyright
© Cambridge University Press 2005

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