The Federal Financial Supervisory Authority (Bundesamt für Justiz – BfJ) better known by BaFin has imposed a disciplinary fine of EUR2,500 against New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft.
The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB) by New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft.
New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft had failed to submit its accounting documents for the financial year 2015 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB. This notice has been published pursuant to section 40c of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG).
About New-York Hamburger Gummi-Waaren Compagnie
Founded in 1871, and one of the oldest German companies to be limited by shares, the New-York Hamburger Gummi-Waaren Compagnie AG is a company with global operations employing close to 130 employees whose core area of expertise consists in the development and manufacture of state-of-the-art hard rubber, soft rubber and plastic moulded parts.
Our close cooperation with customers engaged in the automotive, aviation and music industries and in mechanical engineering yields customised technical components.
