Dutch court orders Nexperia probe, keeps interim controls in place

A Dutch tribunal has mandated an probe into alleged mismanagement astatine Nexperia, portion maintaining earlier interim measures that suspend its manager and displacement power of astir shares to an administrator.

The determination has drawn disapproval from the company’s Chinese parent, Wingtech.

The Enterprise Chamber of the Amsterdam Court of Appeal ruled that determination are capable grounds to question the company’s argumentation and conduct, ordering a ceremonial enquiry into the affairs of Nexperia Holding and Nexperia.

The tribunal confirmed that measures introduced successful October 2025 volition stay successful place.

These see suspending the director, appointing a impermanent manager and transferring each but 1 of Nexperia’s shares to an administrator.

However, the Dutch authorities said past twelvemonth that it wanted to forestall a concern successful which Nexperia’s chips would “become unavailable successful an emergency.” Nexperia’s “regular accumulation process tin continue,” it said successful October.

In its decision, the Enterprise Chamber cited concerns that a struggle of involvement was not addressed with due attraction and pointed to indications that strategy had been altered without interior consultation amid looming sanctions.

It besides referred to non-compliance with agreements made with the Ministry of Economic Affairs, restrictions placed connected European managers’ authorization and announcements of their dismissal.

The tribunal said that pursuing the earlier interim measures, divisions emerged wrong Nexperia’s planetary organisation betwixt Chinese operations and European and Southeast Asian units.

It stated this divided had severely disrupted the accumulation chain, triggered aggregate fiscal and ineligible disputes and jeopardised lawsuit deliveries.

Two investigators are expected to beryllium appointed soon to analyse the substance and taxable a study to the parties and the Enterprise Chamber.

Based connected that report, and if requested, the tribunal volition find whether mismanagement occurred and whether imperishable measures are warranted.

The interim arrangements volition enactment successful effect until the tribunal decides they are nary longer required oregon should beryllium modified.

According to the ruling, the measures purpose to reconstruct stability, mend interior relations and unafraid accumulation and deliveries amid ongoing geopolitical obstructions.

Nexperia’s shares stay owned by Yuching Holding, but the impermanent transportation removes its bulk voting rights during the proceedings.

One stock has been retained to let attendance astatine wide meetings and entree to shareholder information.

The tribunal clarified that the Minister’s bid was not nether information and did not power its decision.