EcoDevelopment in Europe AB and EcoEnergy Africa AB v. United Republic of Tanzania (ICSID Case No. ARB/17/33)

Procedural record

1. 13 April 2022Arbitration

   13 April 2022Arbitration

   Award dated 13 April 2022

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Tribunal held that it had jurisdiction over the Claimants' claims; found that the Respondent had expropriated the Claimants' investment in breach of Article 4 of the Sweden-Tanzania BIT and had violated its obligation to accord fair and equitable treatment under Article 2(3) of that BIT; dismissed the Claimants' discrimination claims; and ordered the Respondent to pay compensation to the Claimants.

   Participants

   EcoDevelopment in Europe AB

   EcoEnergy Africa AB

   Agro EcoEnergy Tanzania Limited

   Bagamoyo EcoEnergy Limited

   United Republic of Tanzania

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Sir Christopher Greenwood

   Arbitrator

   Funke Adekoya

   Arbitrator

   Stanimir A. Alexandrov

   Tribunal secretary

   Aurelia Antonietti

   Authorities cited

   6

   • Agreement between the Government of the United Republic of Tanzania and the Government of the Kingdom of Sweden on the Promotion and Reciprocal Protection of Investments (Sweden-Tanzania BIT, 1 September 1999)
     statute
   • Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (ICSID Convention, 18 March 1965)
     statute
   • Barcelona Traction, Light and Power Company (Belgium v. Spain) (ICJ Reports 1970, p. 3)
     case-law
   • Ahmadou Sadio Diallo (Republic of Guinea v. Democratic Republic of the Congo) (ICJ Reports 2007, p. 582)
     case-law
   • Salini Costruttori SpA and Italstrade SpA v. Kingdom of Morocco (ICSID Case No. ARB/00/4, Decision on Jurisdiction, 16 July 2001)
     case-law
   • LG&E Energy Corp., LG&E Capital Corp. and LG&E International Inc. v. Argentine Republic (ICSID Case No. ARB/02/1, Decision on Liability, 3 October 2006)
     case-law