Yang Know-how, Oppo’s official distributor in France, has been ordered to pay its subcontractor Atmospheres €1.5 million in unpaid payments. The group that represented Oppo in France was forcibly liquidated on August 2.
Supply: Oppo
Oppo introduced final July that its French subsidiary was ceasing operations. Info that won’t have stunned many individuals because the proof and clues have been pointing on this course for a number of months.
We will affirm to you thru court docket paperwork that Yang Know-how, which for the sake of comfort is commonly nicknamed Oppo France, has in reality entered into judicial liquidation proceedings with the judgment of the Business Courtroom of August 2, 2023. from Nanterre. 35 workers stay on the bottom.
Moreover, the corporate has been on maintain since February 2, 2022, effectively earlier than rumors of deductions from France started to floor. We higher perceive how disastrous 2022 should have been for the Chinese language large.
A slate of 1.5 million euros
Final Could, Frandroid investigated on behalf of a service supplier referred to as Atmospheres primarily based on testimonials from Oppo sellers. This allowed us to verify that exercise had been suspended for a number of months and that Oppo’s time on French soil was subsequently restricted.
Throughout this investigation, a number of witnesses knowledgeable us that Oppo France (Yang Know-how) didn’t pay varied payments. At the moment, 2.74 million euros had been talked about. A ruling from the Nanterre Business Courtroom of June 6, 2023 obtained by Frandroid confirms a few of these claims.
Primarily based on 9 invoices, Atmospheres attacked Yang Know-how and really exactly demanded the cost of 1,506,220.61 euros. The court docket agreed with Atmospheres and ordered Oppo France to pay every little thing “plus curiosity on the statutory price from the date of the subpoena”.
On this level, in keeping with our evaluation, the judicial liquidation and suspension of funds won’t solely freeze rates of interest, however will definitely not enable Atmospheres to gather its debt. In reality, the latter has no precedence in comparison with privileged collectors such because the state or employees.
We will safely assume that Atmospheres is simply the tip of the iceberg and that the payments of many subcontractors and enterprise companions might by no means be paid.
When Yang Know-how and Atmospheres company had been contacted, they had been unable to answer us within the time main as much as the publication of this text. It is going to be up to date if you happen to reply.
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