Wingtech says it will appeal Amsterdam court order in Nexperia dispute

Wingtech says it plans to appeal an Amsterdam court order that restricts the Chinese company’s actions in its dispute with chipmaker Nexperia and allows court-appointed officials to explore a long-term solution for the business.

The Amsterdam Court of Appeal’s Enterprise Chamber issued the interim measures on 11 November. It ordered Wingtech and related parties to refrain from obstructing Nexperia’s normal operations and from impeding the court-appointed officials’ work. The order also allows those officials to approach potential investors and discuss possible long-term arrangements, while requiring them to keep Wingtech informed as proposals become more concrete.

Wingtech said in a stock-market filing, reported by Reuters, that it would challenge the ruling. It argues that the decision lacks a factual and legal basis and improperly interferes with ongoing proceedings in China. Those are Wingtech’s claims, not findings by the Dutch court.

The court also ordered Wingtech and its Hong Kong holding company, Yuching, to withdraw certain claims in a Chinese lawsuit, and prohibited them from enforcing parts of a separate Chinese court order that restricts Nexperia’s use of intellectual property and assets. The Dutch ruling provides for penalties of up to €300 million in total for breaches of its orders.

The ruling is part of a wider dispute over Nexperia’s governance and operations. The Enterprise Chamber said the measures were intended to protect the company’s business and the officials’ ability to pursue a long-term solution. In a filing dated 16 November, Wingtech said it intended to appeal within the statutory period; the filing did not say that an appeal had already been lodged.