Erscheinung:16.12.2019 | Topic Measures Publication of financial reports: Federal Office of Justice imposes disciplinary fine against Fenghua SoleTech AG
On 22 October 2019, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed another disciplinary fine amounting to 500,000 euros against Fenghua SoleTech AG.
The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). Fenghua SoleTech AG had failed to submit its accounting documents for the financial year 2015 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.
The company lodged no complaint against the disciplinary fine order.