International Corporate Dispute Emerges Between Chinese Manufacturer and Swiss Technology Conglomerate

Legal proceedings have been initiated in an intricate international corporate governance case involving a Chinese industrial manufacturer and a Swiss multinational technology corporation. The dispute centers on a €20 million transaction between Guangdong Beautiful Health Co., Ltd and Teknoweb Materials SRL, a subsidiary majority-owned by OC Oerlikon Corporation AG.

The legal conflict originated from a contract signed in October 2020 for industrial machinery procurement. After Teknoweb Materials SRL underwent judicial liquidation in February 2024, creditors commenced proceedings to address outstanding financial obligations. Guangdong Beautiful Health Co., Ltd is asserting that Oerlikon's operational involvement with Teknoweb through corporate governance mechanisms potentially implicates the parent company in legal responsibilities.

A conciliation hearing is scheduled for March 3, 2025, at the Justizgebäude Höfe in Switzerland. The case, registered under reference SHO 2025 27, represents a significant exploration of corporate accountability in cross-border business transactions. Legal representatives from Studio Legale Albanese and Dominique Calcò Holistic Law Firm are collaborating to navigate the complex international legal landscape.

Dominique Calcò Labbruzzo, founder of Switzerland's first holistic law firm, emphasized the proceedings' focus on examining corporate accountability and pursuing efficient resolution through conciliation. This case highlights the increasingly intricate nature of global corporate interactions and the potential legal complexities arising from international business relationships.

The dispute underscores the challenges multinational corporations face in maintaining clear lines of responsibility across different legal jurisdictions. By challenging Oerlikon's potential liability through its subsidiary, Guangdong Beautiful Health Co., Ltd is testing the boundaries of corporate governance and parent company accountability in international commercial contexts.