#Germany #Berlin #Xryma #Schirp #Juicy Fields

Xryma Plc's Legal Victory Over Schirp Law Firm

In a significant legal development, Xryma Plc, a banktech group formerly known as ISX Financial EU Plc, achieved a major victory in the Berlin II Regional Court against Schirp Schmidt-Morsbach Rechtsanwälte, a law firm that had publicly accused the company of serious crimes. The court ordered Schirp to cease disseminating various statements linked to the notorious "Juicy Fields" case, which had implicated Xryma in allegations of investment fraud and money laundering.

The ruling, classified under the case number 2 O 72/26, mandates that Schirp halt the circulation of the statements that Xryma contended were false and injurious to its reputation. If Schirp fails to comply, they could face a fine of up to €250,000 or a potential six-month prison sentence for contempt of court. This injunction comes as a relief to Xryma, reaffirming their stance that such accusations are unfounded.

The misstatements in question were made by Schirp on their official websites and shared through third-party platforms, claiming that there existed compelling reasons to link Xryma to criminal activities, including investment fraud. The court determined that these assertions went too far and were made without providing Xryma with an opportunity to respond beforehand, which is a significant requirement under German press laws. According to the ruling, law firms must adhere to the same objectivity standards as any media outlet when addressing the public, especially concerning allegations of such gravity.

Additionally, the court emphasized that no active criminal investigations were being conducted against any of Xryma's personnel, further discrediting Schirp’s public claims that Xryma was "still active in the market" and implicated in criminal actions. These findings were pivotal to the ruling and highlighted the importance of responsible representation in legal matters.

Nikogiannis Karantzis, Managing Director and CEO of Xryma Plc, expressed satisfaction with the ruling, asserting the firm's commitment to adhering to regulatory obligations. He noted that although Schirp claimed to be pursuing multi-million euro civil claims against Xryma, the actual amount totaled less than €240,000 among six claimants, all of whom Xryma is vigorously defending against. Karantzis criticized Schirp for failing to meet the higher standards expected from legal professionals when making public claims.

Xryma has always placed great importance on regulatory compliance and transparency. With no investigations against them or their staff, the firm continues to cooperate with authorities investigating the "Juicy Fields" matter, offering data and testimonies as necessary.

Founded as a regulated banktech group, Xryma operates with a focus on cross-border open banking, providing transactional services, and innovative payment solutions in the EU and the UK. Their subsidiary Probanx® develops advanced banking technologies, supporting their goal of excellence in the financial sector.

The recent court ruling not only serves to protect Xryma's reputation but also underscores the need for integrity and accountability in public communications, particularly concerning serious allegations that can substantially impact a business’s image and operations.

For more information on Xryma Plc and their services, visit their official website at www.xryma.com.