HELSINKI/TORONTO (Reuters) – An arbitration court ordered smartphone pioneer BlackBerry Ltd to pay $137 million to Nokia to settle a payment dispute and the Canadian company said it would pursue a separate patent infringement case against the Finnish firm.

FILE PHOTO – A banner for BlackBerry Ltd hangs to celebrate the company’s transfer trading to the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2017. REUTERS/Brendan McDermid

The International Court of Arbitration ruled earlier this week that BlackBerry had failed to make certain payments to Nokia under a patent licence contract, BlackBerry said on Friday.

The ruling, in a previously undisclosed disagreement over a smartphone technology licensing deal signed in 2012, highlights the financial risks technology companies face from disputes over intellectual property, which are sometimes resolved through confidential arbitration processes unknown to investors.

BlackBerry won a $940 million payout from chipmaker Qualcomm Inc earlier this year in a similar case of disputed payments.

BlackBerry has previously said it is looking to generate more revenue from its portfolio of some 40,000 patents by licensing them to other technology companies, and in November said that U.S.-based Marconi Group would help it license out a broad range of its patents.

It is often difficult for investors to value a company’s patent portfolio given the opaque nature of licensing deals and disputes.

FILE PHOTO – A Nokia logo is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins

“Patent issues are going to come up from…

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