Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Ex-London Bankers Face October Date for New German Cum-Ex Trial

June 25, 2020, 1:08 PM

Germany’s next trial over the controversial Cum-Ex transactions may start at the end of October and will drag well into next year as court staff grapple with the need for social distancing amid the coronavirus pandemic.

The court in Wiesbaden, set to try six people -- including three former London investment bankers -- for their alleged role in the tax scandal, is discussing potential dates with lawyers, two people familiar with the case said.

The judges suggest starting the trial on Oct. 20 and then schedule two hearings per week, they said.

The trial would be the second in the ...