Vichi v. Koninklijke Philips Electronics

OPINION

PARSONS, Vice Chancellor.

This action arises out of a dispute between a Netherlands holding company, Koninklijke Philips N.V. (“Philips N.V.” or “Defendant”), which controls a large, international business organization with hundreds of subsidiaries, and an Italian businessman, Carlo Vichi (“Vichi” or “Plaintiff’), who is the managing shareholder and founder of a large television manufacturing and sales company in Italy.

Philips N.V. was a participant in a joint venture, LG.Philips Displays Holdings B.V. (“LPD”), that did business with Vichi and many other entities worldwide. LPD needed…