kbl enterprises ltd vs cdi cotton distributors inc 2012 tzhccomd 41 30 march 2012
A subsequent compromise agreement or Memorandum of Understanding between the parties, made after the issuance of a foreign arbitral award but before its registration as a decree, does not extinguish or supersede the award for purposes of enforcement under Tanzanian law. The grounds advanced by the petitioner do not fall within the statutory grounds for refusing enforcement of a foreign award under section 30(3) of the Arbitration Act. The arbitral award remains final and binding and must be registered and enforced as a decree of the court.
Source excerpt
- Enforcement of foreign arbitral awards
- Effect of compromise agreements on arbitral awards
- Recognition of foreign judgments
- Jurisdiction of courts in arbitration matters