Photos below prove that when you work near the maximum relative aperture there are almost no problems at all with light artifacts and contrast loss.
The situation deteriorates a bit when you stop the aperture down. The overall contrast of images remains good but there are more chances to catch light artifacts and flares. especially when the sun is situated not far from the frame centre. Then you are able to catch a distinct green reflection that, fortunately, is not big. When you put the sun right outside a frame corner you can create a colourful streak that can destroy the entire frame.
Overall the Panasonic performs here quite well so it shouldn't be criticized.
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