正海磁材国际仲裁胜诉 驳回1472万欧元索赔并获赔119.5万欧元

Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has won the arbitration case against Siemens Gamesa Renewable Energy A/S, with the arbitration tribunal rejecting the claim for €14.72 million and ordering Siemens to pay €1.1951 million in legal and expert fees [1][2]. Group 1: Arbitration Background and Process - The arbitration arose from a dispute over the "Main Procurement Agreement" and "Price and Quantity Agreement" signed at the end of 2021, where Siemens claimed that the company failed to complete the Production Part Approval Process (PPAP), leading to supply delays [2]. - The company argued that the inability to complete the PPAP was due to force majeure related to a global public health event, and that the order specifications from Siemens did not match the agreed contract, thus denying any breach of contract [2]. - The arbitration process began in February 2024 and included the establishment of the tribunal, multiple rounds of evidence exchange, and hearings, with the company assembling a professional legal team to support its case [2]. Group 2: Key Timeline of Arbitration - February 1, 2024: Siemens submitted the arbitration application to the Danish Arbitration Institute - February 23, 2024: The company received the arbitration notice - August 28, 2024: The arbitration tribunal was officially established - September 16, 2024: The tribunal held a preparatory meeting - October 20-22, 2025: The hearings took place - December 19, 2025: The final arbitration award was issued [3]. Group 3: Impact of Arbitration Result - The tribunal not only dismissed Siemens' claim for €14.72 million but also ordered Siemens to pay €1.1951 million in legal and expert fees, along with other arbitration costs [2][3]. - The arbitration outcome is not expected to significantly impact the company's daily operations, but it will positively affect the financial performance in the accounting year when the awarded amount is received [3]. - The company plans to actively pursue the collection of the awarded amount, with specific financial impacts to be disclosed in periodic reports [3].