No penalties for disclosure of 2019 financial statements until Feb. 28, 2021


On Dec. 15, 2020, the Federal Office of Justice announced a suspension of sanctions for late disclosure of the 2019 annual financial statements. This means that no administrative fine proceedings pursuant to Section 335 of the Commercial Code will be initiated before March 1, 2021, with regard to the disclosure of accounting documents for the fiscal year with a balance sheet date of December 31, 2019. Corona , Christmas or election gift? All those who are late will be pleased and can now celebrate Christmas instead of preparing balance sheets.