Taiwan-based Walsin Lihwa Holdings announced on December 5, 2012 that the firm is about to be sued by its partner, Germany-based Solarion AG, for violating a technology cooperation contract between the two. The announcement also noted that the latter party has requested the contract be terminated, and to be awarded a certain amount in claimed damages.
Walsin Lihwa signed an cooperative investment contract with Solarion AG in 2010 to jointly develop CIGS thin-film solar cells and new generation solar technology. Walsin Lihwa invested EUR40 million (US$52 million) into Solarion AG and obtained 49% of the firm's shares, and access to patented technology.
According to Walsin Lihwa's understanding, the investment includes authorization to use the patented technology, which means Walsin Lihwa can in-house produce and sell CIGS thin-film solar cells, hence Walsin Lihwa believes the lawsuit is due to differences in understanding the contract.
Walsin Lihwa has yet to receive official court papers from Germany.
