The Enterprise Chamber of the Amsterdam Court of Appeal has imposed additional measures to protect chipmaker Nexperia against interference by its Chinese owner, Wingtech. According to the court, Wingtech and Nexperia China have undermined previous rulings. Anyone who ignores the new orders risks severe penalties.
The Corporate Chamber ruled on Wednesday that Wingtech and Nexperia China had undermined the court’s previous decisions through their actions. As a result, the court is putting an additional layer of protection in place.
The new orders target Wingtech, founder Zhang Xuezheng, Nexperia China, and other members of Wingtech’s senior management. According to the court, they must “refrain from interfering with Nexperia’s normal business activities.” In addition, they must respect the authority of the independent officials appointed by the court. These officials must be able to carry out their work undisturbed, including exploring a possible long-term solution for the company.
This is not without consequences. According to Nexperia, the orders are linked to “significant penalties.”