Tag: Netherlands

BusinessManufacturingSemiconductors

European Auto Plants Face Shutdown Threat Amid Nexperia Chip Supply Dispute

Major automakers including Volvo and Volkswagen are warning of potential temporary plant shutdowns in Europe due to supply chain disruptions from the Nexperia control battle. The standoff between Chinese and Dutch management has created uncertainty for critical automotive chip supplies, with industry leaders calling for diplomatic solutions.

Automotive Industry Braces for Production Impact

European automotive manufacturers are facing potential factory shutdowns as a supply chain dispute over chipmaker Nexperia escalates between China and the Netherlands, according to industry reports. Volvo Cars and Volkswagen have both indicated that temporary plant closures could occur if the situation isn’t resolved promptly.

by Darren Holt
BusinessLegal

Investment Funds Launch Legal Action Against Lingerie Retailer Over Debt Restructuring

Three prominent investment funds have initiated legal proceedings against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group. The lawsuit centers on allegations that a recent debt transaction violated creditor rights when Redwood Capital Management assumed control of the company.

Legal Challenge Over Debt Restructuring

Three prominent investment funds have launched legal action against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group over a controversial debt restructuring deal, according to court documents filed in London. Cheyne Capital Management, Man Group Plc, and Contrarian Capital Management allege that a transaction transferring control to Redwood Capital Management violated their rights as creditors, sources indicate.

by Carter Wells