ICC arbitration panel makes decision regarding Nokia and InterDigital.
NORDIC BUSINESS REPORT-6 July 2005-ICC arbitration panel makes decision regarding Nokia and InterDigital(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
Finnish telecomms solutions provider Nokia said on Tuesday (5 July) that the International Chamber of Commerce's International Court of Arbitration had made decision regarding Nokia's pending arbitration with InterDigital Communications Corporation and InterDigital Technology Corporation.
The arbitration involved a licence agreement entered into by Nokia and InterDigital in 1999 and Nokia's most favoured licensee rights under that agreement following InterDigital's execution of licences with Telefonaktiebolaget LM Ericsson and Sony-Ericsson Mobile Communications.
A split ICC arbitration panel had purported to set royalty rates payable by Nokia to InterDigital on certain handsets and infrastructure equipment sold by Nokia, the company said.
Nokia said that all three arbitrators had concluded that the royalties being sought by InterDigital were unwarranted and reduced them by more than half.
Nokia added that it must give due consideration to the issues regarding the enforceability of the decision, and would consider the option of moving to vacate or modify the majority decision in the matter.
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|Title Annotation:||International Chamber of Commerce., InterDigital Communications Corp., InterDigital Technology Corp.|
|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Jul 6, 2005|
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