DAR ES SALAAM, Jan. 12 --  THE Independent Power Tanzania Limited (IPTL) has won an appeal filed by Standard Chartered Bank Hong Kong in the Court of Appeal of Tanzania, which is Civil Appeal No. 386 of 2022.

IPTL challenged in the High Court of Tanzania – commercial division in Commercial Application No. 67 and 75 of 2017.

The registration of a foreign judgment of the High Court of Justices of England, Queens Bench Court, commercial court, which ordered IPTL to pay Standard Chartered Bank Hong Kong an amount tuned to 168m US dollars, and the High Court rejected the registration of the said foreign judgment; hence, Standard Chartered Bank Hong Kong appealed to Court of Appeal.

The ruling was handed down by Judge M.C. Levira,...