Finnish overhead crane maker KCI Konecranes has started arbitration proceedings against Dutch software group Baan to recover Euro 15.2m in receivables.
Konecranes said that the dispute stemmed from “severe problems and uncertainties” in software delivered by Baan last year in a project that was discontinued in April.
“As the parties have not reached mutual understanding in the negotiations KCI Konecranes has requested that the dispute with the Baan Company N.V. be settled by arbitration for damage recovery,” Konecranes said in a statement.
