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Publication of financial reports: Federal Office of Justice imposes disciplinary fine on SLEEPZ AG

On 24 November 2021, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 750,000 euros on SLEEPZ AG.

The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). SLEEPZ AG 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: BAFIN

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