ROTTER Rechtsanwälte Partnerschaft: Higher Regional Court of Karlsruhe orders review of the annual financial statements of MLP AG
...by illegally refraining from making provisions for funding obligations of MLP for factoring transactions of the then group subsidiary MLP Finanzdienstleistungen AG. According to the claimants, this failure caused the required, but indeed not posted provisions to accumulate; such accumulation was resolved by posting provisions unrelated to the accounting period in the amount of EUR 120.1 million in the financial statements of 2002 in order to adju... more