Berlin Court Orders Law Firm to Stop Publishing False Statements About Xryma

Xryma Plc, formerly ISX Financial EU Plc, has secured a partial victory at the Regional Court of Berlin II. The court has ordered the law firm Schirp Schmidt-Morsbach Rechtsanwälte to cease publishing or repeating most of the public statements Xryma had contested concerning the "Juicy Fields" case, involving Juicy Holdings B.V. and Juicy Grow GmbH.

The statements covered by the injunction included claims published by Schirp alleging "good reasons" or "sufficient grounds to suspect" Xryma of investment fraud or money laundering. Schirp had also circulated information suggesting Xryma was "involved in the crime... and remains active in the market." The court ruled these statements infringed on Xryma's rights.

According to the court's reasoning, Schirp exceeded the bounds of permissible suspicion-based reporting by failing to provide Xryma an opportunity to respond before making public accusations. The tribunal stated that a law firm addressing the public is subject to German press law principles and the duty of objectivity expected of legal professionals.

The court specifically noted that no criminal investigation has been opened against any Xryma executives or employees. It concluded that Schirp's publications were aimed at soliciting clients rather than informing the public. Xryma confirmed no criminal investigations are ongoing against the company or its personnel related to this or any other matter.

Nikogiannis Karantzis, CEO of Xryma Plc, welcomed the ruling, stating it validates Xryma's position that the firm was publicly accused of serious offenses without due process. He also highlighted that Schirp's claimed "multi-million euro civil claims" against Xryma amounted to significantly less and were spread across few plaintiffs. Karantzis urged greater ethical rigor from law firms in public statements.