Enea disagree with a customer initiates arbitration – evertiq.see

Enea and one of the company’s largest customers is not entirely consistent. Partners make different interpretations of the provisions on the calculation of the royalty in an agreement governing the use of Enea’s OSE operating system the client uses.

– the Arbitration proceedings have been initiated for that both we and the client in an orderly manner to get a clear answer as to what the interpretation of our agreement is the right one. We believe we have good grounds for our position, but the seat of the arbitration may have their time and tell what comes, ” explains Enea’s ceo, Anders Lidbeck.

If it is so that the company has the right, so the company has the right to obtain a quite a significant amount of additional royalties for the elapsed time. The amount provisionally requested from the customer is 900 million, but Enea stresses that the amount is based on estimates and may be revised considerably in both the up and down direction.

On Enea’s position in the questions referred to the case, it would also positively affect the basis for calculating future royalties – but if the interpretations were to prove incorrect, Enea has not the right to receive more than what they already received.