The Regional Court Berlin II ruled that the law firm overstepped legal boundaries by publishing unsubstantiated allegations on its own platforms and via third-party news outlets. Under the court order, Schirp faces potential fines of up to €250,000 or six months of imprisonment for repeating claims that Xryma was involved in criminal activity. The court emphasized that a law firm acting in the public sphere must adhere to the same standards of objectivity as the press, specifically noting that Schirp failed to provide Xryma an opportunity to respond before making its accusations.
Berlin Court Silences Law Firm Over Defamatory Juicy Fields Claims
A Berlin regional court has issued an injunction against Schirp Schmidt-Morsbach Rechtsanwälte, ordering the firm to cease public accusations of fraud and money laundering against banktech group Xryma Plc. The ruling follows the firm's failure to verify claims before publicly linking the company to the Juicy Fields investment scandal.
Investigations into the matter revealed that no criminal proceedings have been initiated against Xryma or any of its employees. The court further criticized the firm’s conduct, suggesting its public statements were motivated by client acquisition rather than objective reporting. Nikogiannis Karantzis, CEO of Xryma, condemned the firm's tactics, noting that the "multi-million euro" claims touted by Schirp actually amount to less than €240,000 across six individual cases—all of which the company is currently contesting. Xryma, formerly known as ISX Financial EU Plc, maintains that it continues to cooperate with law enforcement regarding the Juicy Fields investigation while upholding its regulatory obligations as a licensed electronic money institution.
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