Daily Tax Report: International

Second Ex-Freshfields Partner Charged in German Cum-Ex Probe

June 24, 2020, 3:05 PM

A second former partner at Freshfields Bruckhaus Deringer LLP was charged in a German Cum-Ex probe over advisory work on the controversial trading strategy for bankrupt investment boutique Maple Bank.

Frankfurt prosecutors confirmed they indicted another lawyer in the same case without disclosing any names. The man is ex-Freshfields partner Tobias T., two people familiar with the case said. Under German media law, the 46-year-old lawyer can’t be fully identified.

Prosecutors in November indicted Ulf Johannemann alongside six former bankers allegedly involved in aggravated tax-evasion over Maple’s deals. They now added Tobias T. who, according to prosecutors, provided legal opinions...

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