Crown Energy AB receives formal notice of arbitration initiated by PartPro S.r.l. and Proger S.p.A.
Crown Energy AB receives formal notice of arbitration initiated by PartPro S.r.l. and Proger S.p.A.
Crown Energy AB (publ) has today received formal notice from Camera di Commercio di Roma, the Rome Chamber of Commerce, that PartPro S.r.l., a subsidiary of Proger S.p.A., and Proger S.p.A. have filed a Request for Arbitration against the Company. The arbitration concerns PartPro’s previously disclosed claim of EUR 5 million and a separate claim by Proger of EUR 0.3 million, in each case plus default interest. Crown Energy reiterates the position communicated in its press release of 23 April 2026 in relation to PartPro’s claim and contests all claims now brought against the Company on procedural and contractual grounds.
On 23 April 2026, Crown Energy announced that the Company had been served with documents relating to a European Payment Order claim filed by PartPro before a court in Italy. The arbitration now initiated concerns the same EUR 5 million claim and also includes Proger’s separate claim of EUR 0.3 million.
The Rome Chamber of Commerce has requested Crown Energy to submit its response within 30 days of receipt of the notice. No determination has been made on the merits of the claims.
Crown Energy reiterates its previously communicated position in relation to PartPro’s claim and contests all claims brought in the arbitration on procedural and contractual grounds. The Company is reviewing the Request for Arbitration together with legal counsel and will submit its response within the applicable time limit and take the measures it considers necessary to protect its interests.
The arbitration proceedings are confidential. Crown Energy will therefore not comment on the contents of the parties’ submissions beyond what the Company is required to disclose under applicable disclosure rules or other applicable law.