1. Parties to the Legal Proceeding: Claimant: Electronic J.R.C., S.R.L. Respondent: United Renewable Energy Co., Ltd.

2. Arbitral Institution: German Arbitration Institute (Deutsche Institution fur Schiedsgerichtsbarkeit e.V., DIS)

3. Case Reference Number: DIS-SV-2026-01402

4. Date of Occurrence: June 17, 115 (Gregorian: June 17, 2026)

5. Background of the Incident (Including Subject of Dispute): United Renewable Energy has received notification from the German Arbitration Institute that Electronic J.R.C., S.R.L. has initiated arbitration proceedings concerning warranty claims related to solar modules supplied by the company and installed in the claimant’s solar power plants. The dispute centers on performance guarantees, durability, and compliance with warranty terms.

6. Handling Process: The company has appointed legal counsel to manage the arbitration process and will comply with all procedural requirements set forth by the DIS, including submission of responses and supporting documentation.

7. Financial and Business Impact and Estimated Amount: The arbitration is currently in its early stages. The actual financial impact will depend on the final ruling. At this stage, the potential exposure or liability cannot be reasonably estimated.

8. Countermeasures and Mitigation Status: The company is actively reviewing its legal defenses with external counsel and is committed to fully protecting the interests of the company and its shareholders.

9. Other Matters to be Disclosed: As the respondent is a publicly listed company, this matter qualifies as material information under Article 7, Paragraph 2 of the Enforcement Rules of the Securities and Exchange Act, as it may significantly affect shareholder rights or stock prices. No further disclosures are required at this time.

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  • Source: PR Times
  • Category: News
  • Organizations: Electronic J.R.C., S.R.L.