Topic Measures Publication of financial reports: Federal Office of Justice imposes disciplinary fine against ZhongDe Waste Technology AG
On 06 December 2017, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against ZhongDe Waste Technology AG.
The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB) by ZhongDe Waste Technology AG. ZhongDe Waste Technology AG had failed to submit its accounting documents for the financial year 2016 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.
On 22 December 2017 the company lodged a complaint against the disciplinary fine order.