Lyconet International AG now wholly-owned by General Counsel attorney Dr. Hubert Reif!

As an extract from the companies’ register (FBA Lyoness International AG aktuell) shows that, by resolution of the annual general meeting on 4 April 2019, attorney Dr. Reif from the law firm Reif & Partner is the sole shareholder of Lyconet International AG based in Vienna. The usual suspects like Mario Kapun, Marko Sedovnik, Herbert Paierl etc. have been romping about in the different national companies for years. Periodically, the ‘personnel merry-go-round’ is set into action and positions are switched among each other.

What is new, is the all-powerful General Counsel Dr. Reif who appears now as the sole shareholder of Lyconet International AG. This might have to do with existing contracts and/or be part of the transformation process of Lyoness into MWS. This issue is very unusual since Lyoness’ lawyers always have insisted that there is only a client-lawyer relationship between Lyoness/Lyconet and the law firm of Dr. Reif and further interconnections where denied vehemently.

What has always been suspected now seems to be confirmed: Dr. Reif has been involved in Lyoness for a long while. The interconnections of his firms as well as his wife’s firms range from the scandals in conjunction with the Graz ‘construction mafia’ to connections to a much more indicative milieu.

We will see what Dr. Reif is going to achieve with Lyconet International AG.