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Regulatory

Orca Energy Group Inc. Announces Discontinuance of Swala Tanzanian Court Proceedings

By The Northwire Desk — AI Analysis Feb 27, 2026 · 17:21 ORC · 4.9
ORC · Price

Executive Summary

  • Orca Energy Group Inc. and Swala Oil and Gas (Tanzania) plc have reached an agreement to discontinue Swala’s court proceedings against Orca in Tanzania and to stay the anti‑suit injunction filed by Orca in England.
  • Both parties will refer any remaining disputes to confidential arbitration under LCIA rules, with London as the seat of arbitration.

Key Details

  • The agreement ends Swala’s High Court of Tanzania case No. 11561 of 2025.
  • It also stays the anti‑suit injunction that Orca filed in the High Court of England and Wales Commercial Court on 24 Oct 2025.
  • Future disputes, if any, will be resolved through confidential arbitration conducted under the Arbitration Rules of the London Court of International Arbitration (LCIA).
  • The place and legal seat of the arbitration is London, United Kingdom.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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