Mao Ye Wu, its brand new CEO Spanish for a year, this Tuesday is a confrontation The unfair competition lawsuit they demanded 3.18 million euros. The lawsuit was filed by Megawatt Projects SL, a Palafrugell company of which Mao Ye is a partner and dedicated to selling electrical installations for customers such as Endesa and other subsidiaries of the Enel group. Megawatt Projects was the exclusive representative in Spain of the products of a Chinese company (Pinggao Group) that declared it important. commission benefits.
Megawatt Projects was owned by two Girona businessmen, brothers Diego and José María Palacios. controlled 50% of the capitaland by the two Chinese, Mao Ye and You Zhou, who divided the remaining 50% equally.
According to the plaintiffs, the Chinese partners took advantage of the Chinese situation. shareholding lock Forcing Megawatt Projects to liquidate and unfairly “taking the whole pie”.
The plaintiffs’ lawyer, Joan Pérez, explains that among the evidence presented in the case is a recording made by Megawatt’s former adviser, Marta Lagarda, in which Pinggao Group executives admitted that Mao Ye and You Zhou wanted to retain them all. your job “completely wrongMao Ye’s lawyer, María Teresa Velasco, adds that this counselor “said that he remembers almost nothing because he has the memory of a fish.”
Last Thursday, Lagarda testified in court about the content of this recording. They were also called electronically as Pinggao’s enforcement witnesses, but did not connect.
a million dollar business
The relationship between the Palacios brothers and Mao Ye began in 2017. Megawatt was looking for a Chinese supplier of high voltage equipment for its customer portfolio. Mao Ye and You Zhu, who have experience in international transactions, put several Asian manufacturers in touch with the Palacios brothers. As a result of these contacts, a cooperation agreement was signed with the Chinese multinational Pingao Group operating in the sector. The agreement provided Megawatt becomes special agent Sale of Pinggao products in Spain for a 5% commission, later increased to 10%.
As a result of this agreement and taking into account the contributions made, Megawatt Projects added Mao Ye and You Zhu to its shareholders. new Chinese partners owned 50% of the capital of your company.
work developed very positively. According to the lawsuit, the supply of Pinggao products for customers of the Enel group between 2018 and 2020 provided a commission of five million euros for the Girona company. The dynamics were so good that, according to the plaintiffs, “Enel Group’s confidence in Megawat has been consolidated, resulting in an increase of approximately €26 million in equipment supply orders for the period 2021-2023.”
What happened to a million-dollar business that a priori benefited the bankruptcy of all partners? The Palacios brothers believe that Mao Ye and You Zhou are maneuvering to disrupt the relationship between Megawatt and Pinggao. keep 100% of these attractive commissions. For this reason, they claim that they dissolved the company, arguing that there was a “fictitious blockade situation” in their decision-making process.
His lawyer also points out that it was Mao Ye and You Zhou who notified Pinggao that there was a request for the termination of Megawatt, which caused the termination of the agreement between the Chinese multinational company and the Girona company months before it ceased to operate. loss of income. Moreover, they suspect through shape headsthe defendants may have formed a new company to establish a new relationship with Pinggao.
In the defense brief of the case, Mao Ye’s lawyer stated that his client did not act maliciously. According to his version, forwarding the company’s liquidation request to its supplier “was an obligation (…) given the commercial relations between Chinese citizens.”
Likewise, the lawyer blames the Palacios brothers for the internal conflict between the partners. Note that the situation changed in early 2020, when Diego Palacios was left as sole manager of Megawatt. They claim they went from a consensual decision-making process with transparent access to the company’s documents to another where Mao Ye and You Zhou withdrew and blocked their access to the company’s actions. This led them to demand an agreement between the partners. reorient relationships and end a state of insecurity this was produced. According to the defendants, this deal was not possible and they had no choice but to ask for the dissolution of the company.
The Megawatt Projects liquidator tried to claim Pinggao’s outstanding debts totaling €663,407 with Girona company and an investment of his own, but failed. Plaintiffs hold Mao Ye and You Zhou responsible for the group’s conduct, so they are claiming this amount from them jointly and individually, and also a Compensation. A total of 3.18 million euros, but then they do not refuse to claim further compensation for consequential damages.
Mao Ye Wu, its brand new CEO Spanish for a year, this Tuesday is a confrontation The unfair competition lawsuit they demanded 3.18 million euros. The lawsuit was filed by Megawatt Projects SL, a Palafrugell company of which Mao Ye is a partner and dedicated to selling electrical installations for customers such as Endesa and other subsidiaries of the Enel group. Megawatt Projects was the exclusive representative in Spain of the products of a Chinese company (Pinggao Group) that declared it important. commission benefits.
Megawatt Projects was owned by two Girona businessmen, brothers Diego and José María Palacios. controlled 50% of the capitaland by the two Chinese, Mao Ye and You Zhou, who divided the remaining 50% equally.
According to the plaintiffs, the Chinese partners took advantage of the Chinese situation. shareholding lock Forcing Megawatt Projects to liquidate and unfairly “taking the whole pie”.
The plaintiffs’ lawyer, Joan Pérez, explains that among the evidence presented in the case is a recording made by Megawatt’s former adviser, Marta Lagarda, in which Pinggao Group executives admitted that Mao Ye and You Zhou wanted to retain them all. your job “completely wrongMao Ye’s lawyer, María Teresa Velasco, adds that this counselor “said that he remembers almost nothing because he has the memory of a fish.”
Last Thursday, Lagarda testified in court about the content of this recording. They were also called electronically as Pinggao’s enforcement witnesses, but did not connect.
a million dollar business
The relationship between the Palacios brothers and Mao Ye began in 2017. Megawatt was looking for a Chinese supplier of high voltage equipment for its customer portfolio. Mao Ye and You Zhu, who have experience in international transactions, put several Asian manufacturers in touch with the Palacios brothers. As a result of these contacts, a cooperation agreement was signed with the Chinese multinational Pingao Group operating in the sector. The agreement provided Megawatt becomes special agent Sale of Pinggao products in Spain for a 5% commission, later increased to 10%.
As a result of this agreement and taking into account the contributions made, Megawatt Projects added Mao Ye and You Zhu to its shareholders. new Chinese partners owned 50% of the capital of your company.
work developed very positively. According to the lawsuit, the supply of Pinggao products for customers of the Enel group between 2018 and 2020 provided a commission of five million euros for the Girona company. The dynamics were so good that, according to the plaintiffs, “Enel Group’s confidence in Megawat has been consolidated, resulting in an increase of approximately €26 million in equipment supply orders for the period 2021-2023.”
What happened to a million-dollar business that a priori benefited the bankruptcy of all partners? The Palacios brothers believe that Mao Ye and You Zhou are maneuvering to disrupt the relationship between Megawatt and Pinggao. keep 100% of these attractive commissions. For this reason, they claim that they dissolved the company, arguing that there was a “fictitious blockade situation” in their decision-making process.
His lawyer also points out that it was Mao Ye and You Zhou who notified Pinggao that there was a request for the termination of Megawatt, which caused the termination of the agreement between the Chinese multinational company and the Girona company months before it ceased to operate. loss of income. Moreover, they suspect through shape headsthe defendants may have formed a new company to establish a new relationship with Pinggao.
In the defense brief of the case, Mao Ye’s lawyer stated that his client did not act maliciously. According to his version, forwarding the company’s liquidation request to its supplier “was an obligation (…) given the commercial relations between Chinese citizens.”
Likewise, the lawyer blames the Palacios brothers for the internal conflict between the partners. Note that the situation changed in early 2020, when Diego Palacios was left as sole manager of Megawatt. They claim they went from a consensual decision-making process with transparent access to the company’s documents to another where Mao Ye and You Zhou withdrew and blocked their access to the company’s actions. This led them to demand an agreement between the partners. reorient relationships and end a state of insecurity this was produced. According to the defendants, this deal was not possible and they had no choice but to ask for the dissolution of the company.
The Megawatt Projects liquidator tried to claim Pinggao’s outstanding debts totaling €663,407 with Girona company and an investment of his own, but failed. Plaintiffs hold Mao Ye and You Zhou responsible for the group’s conduct, so they are claiming this amount from them jointly and individually, and also a Compensation. A total of 3.18 million euros, but then they do not refuse to claim further compensation for consequential damages.