Court of Appeal Sets Legal Costs at 21.11bn/- for IPTL and Pan Africa Power
Latest Tanzania business news · Court of Appeal Sets Legal Costs at 21.11bn/- for IPTL… explained · updated Aug 9, 2026 · business news · companies · investment
TLDR
- On January 9, 2026, the Court of Appeal struck out the appeal, allowing the companies to pursue recovery of legal costs.
- DAR ES SALAAM: THE Court of Appeal has assessed legal costs at 8 million US dollars (about 21.11bn/-) payable to Independent Power Tanzania Limited (IPTL) and Pan Africa Power Solutions (T) Limited after the companies.
- The decision was delivered on Wednesday this week by Court of Appeal Deputy Registrar and Taxing Officer, Joseph Fovo, in Taxation No. 65 of 2026, arising from Civil Appeal No. 386 of 2022.
- The dispute originates from a judgment of the High Court of England’s Commercial Division, which entered judgment for Standard Chartered Bank (Hong Kong) Limited and Standard Chartered Bank Malaysia Berhad for 168.
- Following that decision, the two companies filed a bill of costs claiming 10.29 million US dollars, including instruction fees of 5.04 million US dollars for each applicant.