Federal Office of Justice imposes disciplinary fine on United Labels Aktiengesellschaft

NEWS
Published
Jul 27th '21
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On 21 June 2021 the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2.500 euros on United Labels Aktiengesellschaft.

 

The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB) by United Labels Aktiengesellschaft. United Labels Aktiengesellschaft failed to submit its consolidated accounting documents for the financial year 2019 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form. The legal basis for the sanction is section 335 of the HGB.

 

The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

 

Source Federal Financial Supervisory Authority (BaFin)