Adler - comment

The regional court of Berlin rejected a motion by the “Association for the Protection of Investors” SDK, which had requested a special audit of Adler Real Estate. The Association, being chiefly interested on the short side - we believe, had personal relations to the proposed audit firm and its chief was to be on the committee himself. Following a complaint by Adler, the court concurred and has also blocked the way for further action in this direction. From the judge’s wording, we perceive a clear desire to close the wounds of the past and move on.