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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