Tanzania market entry strategies (3)

What you need to know:

What dispute settlement mecha-nism will the parties use? Under the Natural Wealth and Resources (Review and Re-Negotiation of Uncon-scionable Terms) Act 2017, any contractual clause that subjects the Tanzanian State to the jurisdiction of foreign laws and courts/tribunals is deemed to be unconscio-nable and the clause could be renegotiated, failing which it becomes ineffective.