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Publication of financial reports: Federal Office of Justice imposes disciplinary fine on Centrotec SE

On 14 July 2022, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on Centrotec SE.

The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). Centrotec SE failed to submit its accounting documents in full for the financial year 2020 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 1 August 2022, the company lodged an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

Source: BAFIN

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