Publication of financial reports: Federal Office of Justice imposes disciplinary fine on ZhongDe Waste Technology AG

On 22 February 2022, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a further disciplinary fine amounting to 750,000 euros on ZhongDe Waste Technology AG.

The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). ZhongDe Waste Technology AG failed to submit its 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 lodged an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

Source: BAFIN

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