A Decision Following a Fair and Transparent Process
In line with its commitment to financial transparency and the protection of investor rights, Whitefield had managed the legal process with independent law firms to safeguard its corporate rights in the dispute with Effenberg Bank. The Frankfurt State Court, in case 2-28 O 147/24, ruled in favor of Whitefield, awarding the company €18 million, thereby affirming its financial claims.
Whitefield’s majority shareholder, Aydın Taşçı, stated that they view this outcome not merely as a financial gain but as an opportunity to create social impact. In this regard, they have decided to allocate the interest income from this ruling to organizations in need.
Social Responsibility: One of Whitefield’s Core Values
The decision led by the company’s majority shareholder, Aydın Taşçı, highlights the significance of ethical responsibility in the business world.
“At Whitefield, we understand that our way of doing business is not solely defined by commercial outcomes but also by our responsibility to society. We will implement a meticulous process to ensure that the generated funds reach those truly in need.” – Aydın Taşçı
In this context, the company announced the establishment of a special independent committee composed of experts to determine the recipient organizations for donations. The committee will evaluate reputable organizations operating in the fields of education, healthcare, environmental protection, and social development, ensuring that the funds are allocated in the most effective and meaningful way.
