August 2018: Sakto Corporation files Application for Injunctive Relief
BMF have, for years, run a campaign against Sakto and its founders, blaming them of corruption and money laundering.
That campaign was, and continues to be, based purely on speculation and conjecture, rather than facts. None of the numerous government agencies BMF have tried to engage has ever taken action against Sakto.
When cross-examined in Court, Lukas Straumann, BMF's Executive Director, was forced to admit that BMF's allegations are based merely on hearsay and have no merits, and that he had misrepresented them vis-à-vis the Court.
By making aggressive use of social media, multiple websites, and blogs, BMF have created the impression that their allegations of corruption and money laundering are valid and widely accepted. The image BMF have created is wrong and hugely damaging to Sakto's reputation and business.
In August 2018, Sakto has now applied to the Basel Civil Court (Zivilgericht Basel-Stadt) to obtain an injunction. The injunction would seek to ordering BMF to retract the infringing content from the public domain and to refrain from repeating them.
In February 2019, the Basel Civil Court ruled that while Swiss law is applicable, an urgent injunction is not warranted, mostly due to the passage of time since the BMF campaign began. However, Sakto believes that both the factual and legal findings of the Court are incorrect and has therefore filed an appeal with the Basel Court of Appeal seeking to overturn the ruling on urgency.
That campaign was, and continues to be, based purely on speculation and conjecture, rather than facts. None of the numerous government agencies BMF have tried to engage has ever taken action against Sakto.
When cross-examined in Court, Lukas Straumann, BMF's Executive Director, was forced to admit that BMF's allegations are based merely on hearsay and have no merits, and that he had misrepresented them vis-à-vis the Court.
By making aggressive use of social media, multiple websites, and blogs, BMF have created the impression that their allegations of corruption and money laundering are valid and widely accepted. The image BMF have created is wrong and hugely damaging to Sakto's reputation and business.
In August 2018, Sakto has now applied to the Basel Civil Court (Zivilgericht Basel-Stadt) to obtain an injunction. The injunction would seek to ordering BMF to retract the infringing content from the public domain and to refrain from repeating them.
In February 2019, the Basel Civil Court ruled that while Swiss law is applicable, an urgent injunction is not warranted, mostly due to the passage of time since the BMF campaign began. However, Sakto believes that both the factual and legal findings of the Court are incorrect and has therefore filed an appeal with the Basel Court of Appeal seeking to overturn the ruling on urgency.
January 2019: Sakto Corporation files main civil court proceedings
The application for injunctive relief is the first step in Sakto's legal campaign aimed at re-establishing the facts and restoring its own reputation. Sakto will pursue every legal avenue to ensure justice is done following BMF’s lengthy and defamatory campaign.
In January 2019, Sakto filed main civil court proceedings against BMF, asking the Basel Civil Court to order the removal of the defamatory material from the public domain.
As part of the main civil court proceedings, Sakto has invoked its statutory right which will oblige BMF to account for – by giving access to their financial records – the ways in which they raised money to finance their defamatory campaign. As a result, Sakto also has the legal right to claim so-called “infringer’s profit”, referring to the money that BMF raised in running their lengthy campaign based on suspicion and conjecture.
In January 2019, Sakto filed main civil court proceedings against BMF, asking the Basel Civil Court to order the removal of the defamatory material from the public domain.
As part of the main civil court proceedings, Sakto has invoked its statutory right which will oblige BMF to account for – by giving access to their financial records – the ways in which they raised money to finance their defamatory campaign. As a result, Sakto also has the legal right to claim so-called “infringer’s profit”, referring to the money that BMF raised in running their lengthy campaign based on suspicion and conjecture.
