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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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.

The SOPARFI may be used to:

  • hold participations in listed and unlisted (private) Equity
  • finance other entities
  • hold real estate in Luxembourg or abroad, directly or through a company
  • hold financial assets (financial instruments, shares, bonds, derivatives, etc.)
  • own intellectual property rights to perceive royalties
  • exercise management control over other entities
  • issue any type of debt to finance its activities