Enterprise Chamber of the Amsterdam Court of Appeal

Amsterdam Enterprise Chamber rejects shareholder inquiry into Philips sleep apnea recall, finding no reason to doubt its policy

The Enterprise Chamber of the Amsterdam Court of Appeal rejected a request by the VEB investors' association and institutional investors for an inquiry into Philips over its 2021 sleep apnea recall. It found no well-founded reasons to doubt Philips' policy: internal systems followed international standards, reliable foam-risk data emerged only in early 2021, the boards were not informed late, supervision was not shown lacking, earlier intervention at Respironics was not required, and disclosures were not misleading.