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Wingtech plans Nexperia appeal as Dutch court tells it to drop claims in China
A Dutch order targets claims in China and carries potential breach penalties capped at a combined €300 million.
TLDR
Wingtech, Nexperia’s owner, says it will appeal a Dutch interim ruling it calls improper interference in Chinese proceedings. The order requires Wingtech and its Yuching Holding unit to withdraw two claims in a Chinese lawsuit within seven days and bars enforcement of specified portions of a Chinese court order. Breaches could bring penalties capped at a combined €300 million—not an automatic bill.
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