Sharechat Logo

Invensys trio goes to court

By Chris Hutching

Friday 5th April 2002

Text too small?
An intellectual property dispute involving Christchurch-based Invensys Systems has its sequel in the Christchurch and Auckland district courts next week when James Barnes and two other unidentified defendants appear in pre-depositions hearings.

A civil court case was lodged in the High Court at Auckland last year by UK parent company Invensys Plc over alleged high-technology espionage regarding an electronics device called a rectifier, potentially worth millions of dollars.

Executives at the Christchurch office of Invensys (formerly Switchtec) have refused to comment but details from the civil case reveal a bizarre tale involving former Invensys New Zealand chief executive James Kennedy, financial controller Murray Simpson, human resources manager Peter Taylor, engineers Reuman Petkov and Gueorgui Anguelov and the business manager of Shanghai-based Switchtec, Rong Hua Huang.

Invensys Plc alleged Messrs Petkov and Anguelov began secretly working on a second-generation version of the Invensys rectifiers and then a Chinese contracting company was commissioned to make and distribute it. Mr Barnes was the key witness in that case.

The precise nature of the charges in the criminal case will be revealed next week.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

RBNZ - OCR lowered to 2.25%
SVR - Savor Interim Results and Trading Update
Genesis Energy Limited - Strategy & Earnings Growth On Trac
ARB - ArborGen Holdings Interim Results to 30 September 2025
FPH delivers strong growth for the first half
November 26th Morning Report
CEN - Contact31+ Strategy, Capital Markets Day 2025
November 25th Morning Report
RYM - Successful completion of full bank debt refinance
Curious about dividend investment strategies?