Berlin Court Orders Schirp Law Firm to Retract Xryma Plc Statements

A Berlin regional court has granted Xryma Plc an injunction blocking the Schirp law firm from publishing the majority of contested statements that accused the Cyprus-based company of involvement in investment fraud and money laundering tied to the so-called "Juicy Fields" scheme.

Regional Court Berlin II ruled that Schirp had failed to give Xryma Plc a reasonable opportunity to respond before publicly leveling the accusations — a procedural deficiency that weighed in the court's decision to issue the order. The injunction covers most, though not all, of the challenged statements made by the law firm.

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Xryma Plc, headquartered in Nicosia, Cyprus, framed the ruling as a vindication, asserting that the law firm's public accusations were unfounded and damaging to its reputation. The court's finding that proper journalistic and legal fairness standards were not followed before the statements were disseminated was central to the outcome.

The case highlights growing legal friction between companies and law firms that pursue public-facing campaigns against alleged investment schemes, particularly in the cannabis investment sector, where regulators and investors have flagged a range of fraudulent operations in recent years. Courts in Germany have increasingly been asked to weigh the boundaries of permissible public legal advocacy against defamation and reputational harm protections.

The scope of the injunction — covering the majority but not all challenged statements — suggests the court found some of Schirp's claims fell within protected legal commentary. Continue reading at All Financial Services & Investing.