Justice Adjourns Petition To Enforce, Orders Tanzanian Company To Post Security

Justice Adjourns Petition To Enforce, Orders Tanzanian Company To Post Security

LONDON - An English justice on July 27 granted a Tanzanian electric company's request for adjournment of a case that sought to confirm a $65 million arbitration award until a later date, on the condition that the company post a $5 million security (Dowans Holding S.A., et al. v. Tanzania Electric Supply Co. Ltd., No. [2011] EWHC 1957 [Comm], England and Wales High, QBD). Full story on lexis.com

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