BlackBerry Limited said the International Chamber of Commerce’s International Court of Arbitration ruled against BlackBerry in a contract dispute with Nokia Corporation.
“On April 28, 2016, Nokia filed a Request for Arbitration with the International Chamber of Commerce International Court of Arbitration,” said BlackBerry.
“The dispute related to whether certain payments allegedly due under a patent license contract between the companies are in fact owed to Nokia under the terms of the agreement.
“On November 29, 2017, the arbitration panel awarded Nokia approximately $137 million.”
BlackBerry said the dispute did not involve any allegations of IP infringement and that BlackBerry is continuing to pursue patent infringement claims against Nokia via suits filed in both Germany and the US.
In a prepared statement, BlackBerry said: “BlackBerry is disappointed that the Court of Arbitration did not agree with our arguments in the case but we accept their decision.
“This ruling does not change BlackBerry’s assertion that Nokia is infringing on our intellectual property and we are continuing to vigorously pursue legal remedies in both the U.S. and Germany.”
BlackBerry said it will record the amount of the award as a one-time GAAP-only charge.
Nokia said it was pleased with the decision.
“The decision confirms that BlackBerry had failed to make certain payments to Nokia under a patent license agreement between the parties,” said Nokia.
“A significant portion of the amount awarded has already been recognized by Nokia in its financials for previous periods.
“Nokia will follow its existing practices for disclosing patent licensing related results in its quarterly financial reports.
“Nokia continues to believe that BlackBerry’s unrelated claims of patent infringement by Nokia are without merit.”