Josip Heit has failed to obtain an injunction against a Singaporean financial blog.

As alleged by Heit, the unnamed blog citing Lydian World as a Ponzi scheme was “a serious violation of his personal rights”.

The Hamburg Regional Court Heit filed in initially sided with Heit (right). Upon learning of the ruling however, the blog obtained local representation and filed an objection.

As
reported by BTC Echo
on January 8th, the Singaporean blog was represented by the Riemenschneider Media Law Firm.

The court accepted the objection, in which it was argued referring to Lydian World as a Ponzi scheme was “a permissible expression of opinion and not a statement of fact.”

The “Ponzi Scheme” was therefore a permissible expression of opinion and not a statement of fact. There was also a sufficient factual basis for this opinion, according to the presentation by lawyer Riemenschneider in the oral hearing.

The court expressly deviated from its previous legal opinion.

Upon failing to obtain an injunction, Heit withdrew his application.

The case is similar to
legal action Heit filed against BehindMLM in the same Hamburg court
. Unlike the Singaporean blog however, BehindMLM had no knowledge of proceedings until after the fact.

Heit then took his Hamburg ruling and filed a subpoena petition in the New York Supreme Court. The initially granted petition was
overturned on appeal
, primarily due to Heit’s inability to provide supporting evidence.

The New York Appellate Court rejected New York Supreme Court’s reliance on the Hamburg proceedings owing to their ex-parte nature and lack of supporting evidence.

While we know Heit’s injunction application was filed by l
ong-time Heit collaborators Irle Moser
, when the application was filed is unclear.

If it was anytime after early 2023 however, the application was likely filed in bad faith.

In early 2023 Canadian provinces began issuing GSPartners and parent company Gold Standard Corporation (GSB) fraud warnings.

Quebec’s Autorite des Marches Financiers 
cited GSPartners and fifty-two associated websites
 in a March 9th, 2023 securities fraud warning

the Alberta Securities Commission added 
GSPartners’ GSTrade platform
 and 
G999 Ponzi coin
 to its Investment Caution List on March 15th, 2023

the Alberta Securities Commission 
added GSPartners to its Investment Caution List
 on May 19th, 2023

the British Columbia Securities Commission 
issued a GSPartners securities fraud warning
 on May 30th, 2023

Saskatchewan’s Financial and Consumers Affairs Authority issued a 
GSPartners investor alert
 on June 1st, 2023

the Ontario Securities Commission issued a 
GSPartners and Swiss Valorem Bank securities fraud warning
 on July 25th, 2023

Led by the North American Securities Administrators Association, by early 2024 GSPartners, GSB and Heit had received over a dozen regulatory fraud warnings across North America.

BehindMLM 
confirmed ongoing CFTC and SEC investigations into GSPartners and Heit
 on November

🤖 Quick Answer

Did Josip Heit succeed in obtaining an injunction against a Singaporean financial blog?
No. Josip Heit failed to obtain an injunction against a Singaporean financial blog that referred to Lydian World as a Ponzi scheme. The Hamburg Regional Court initially sided with Heit, but after the blog filed an objection through the Riemenschneider Media Law Firm, the court accepted the objection and reversed its decision.

On what legal basis did the Hamburg Regional Court reject Josip Heit's injunction request?
The court ruled that describing Lydian World as a "Ponzi scheme" constituted a permissible expression of opinion rather than a statement of fact. This distinction under German media law meant the blog's characterization was protected speech, and Heit's claim of a serious violation of personal rights was not upheld.

**Which law firm represented

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