Hetronic Litigation

Oxbridge versus Hetronic International Inc.

From 1991 the Group Oxbridge, by means of its affiliates, distributes Hetronic Radio Remote controls in Belgium & Luxembourg.

In 2007 the agreement is renewed, the territory expanded with the United Kingdom & Ireland as well a termination win-out clause agreed on by parties. Both companies start the joint-development of Locomotive RRC's.

End 2014 this agreement comes to a termination on initiative of Hetronic. The present owner of the Hetronic brand, Methode Electronics Inc. (NYSE: MEI), refuses to honour the win-out clause and ignores the joint-development.

The case has been presented for judgement to the courts of Lausanne, Switzerland in 2015.

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Soparfi

Financial Holding Company

The SOPARFI (Société de Participations Financières) is an non-regulated entity for holding shares of local and foreign companies, participations or other businesses. A SOPARFI can provide services or obtain a business license like any other commercial company.

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