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EQS-News: DF Deutsche Forfait AG
/ Key word(s): Legal Matter
DF Deutsche Forfait Group obtains preliminary injunction against Varengold Bank AG
Cologne / Hamburg, December 19, 2023 - Deutsche Forfait GmbH is a subsidiary of DF Deutsche Forfait AG (ISIN: DE000A2AA204) and obtained a preliminary injunction against Varengold Bank AG before the Hamburg Regional Court on December 15, 2023. The Regional Court ordered Varengold Bank AG to transfer the retained credit balance of Deutsche Forfait GmbH in the amount of EUR 5.5 million. Deutsche Forfait GmbH is a customer of Varengold Bank AG. In order to finance important projects, Deutsche Forfait GmbH has instructed Varengold Bank AG to transfer its credit balance of approximately EUR 5.5 million to other German banks. The transfer orders of Deutsche Forfait GmbH have not yet been executed by Varengold Bank AG. Varengold Bank AG justifies the non-execution of the transfer orders with the fact that the special audit of the Federal Financial Supervisory Authority (BaFin) at Varengold Bank AG prevents a transfer. On June 27, 2023, BaFin appointed a special auditor to examine some of Varengold Bank AG's current transactions. According to BaFin, the background to this special audit is serious compliance deficits at Varengold Bank AG. Deutsche Forfait GmbH has initiated legal proceedings before the Hamburg Regional Court by way of interim legal protection in order to obtain the transfer of its credit balance. The Regional Court has now granted this application and ordered Varengold Bank AG to transfer Deutsche Forfait GmbH's credit balance of EUR 5.5 million in accordance with the order. The Regional Court came to the conclusion that, based on the current file situation, the special audit by BaFin at Varengold Bank AG did not prevent the execution of the payment order by Deutsche Forfait GmbH. In the opinion of the Hamburg Regional Court, Deutsche Forfait GmbH had not violated any legal provisions on the basis of the facts of the case. Dr. Behrooz Abdolvand, CEO of DF Deutsche Forfait AG, welcomes the court's decision: "We are pleased that the court has ordered Varengold Bank AG to execute our transfer orders. The behavior of Varengold Bank AG is incomprehensible to us." About DF-Group DF Group is a specialist in foreign trade finance with a focus on the Middle East and Eastern Europe regions. DF Group focuses on the food, pharmaceutical, healthcare, industrial, renewable energy and infrastructure sectors. With its extensive experience, its strong network and its comprehensive compliance expertise, DF Group offers its customers the right product solution. Since 2023, DF Group has also been acting as an independent trader of agricultural products in the new Trading business area, while complying with the applicable compliance requirements. contact Investor Relations / press: E investor.relations@dfag.de
19.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | DF Deutsche Forfait AG |
| Gustav-Heinemann-Ufer 56 | |
| 50968 Köln | |
| Germany | |
| Phone: | +49 221 97376 - 0 |
| E-mail: | dfag@dfag.de |
| Internet: | www.dfag.de |
| ISIN: | DE000A2AA204, DE000A1R1CC4, |
| WKN: | A2AA20, A1R1CC |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1800157 |
| End of News | EQS News Service |
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1800157 19.12.2023 CET/CEST
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