Varroc Engineering Faces Arbitration Over Alleged Covenant Breaches; OPmobility Seeks Over $66 Million

ICC Court of Arbitration issues notice over a securities agreement dispute; VarrocCorp Holding B.V. and parent company evaluating legal options to contest claims filed by French firm OPmobility Lighting Holding.

08 Jul 2025 | 969 Views | By Sarthak Mahajan

Varroc Engineering Limited has received a formal intimation from the ICC International Court of Arbitration regarding an arbitration request filed by France-based OPmobility Lighting Holding. The dispute stems from alleged breaches of covenants in a Securities Purchase Agreement originally signed on April 29, 2022, and amended multiple times thereafter.

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