Top Lawyer Who Mocked ‘Scared’ Lehman Faces Trial Over Tax Scandal
- Ex-Freshfields tax chief advised big banks on Cum-Ex trades
- Case against ex-Fortis banker also started in Frankfurt court
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A court in Germany’s financial hub Frankfurt is about to shed more light on how one of the world’s most prestigious law firms and a top attorney became instrumental to Europe’s biggest tax scandal.
Ulf Johannemann, Freshfields Bruckhaus Deringer’s former global head of tax, was a key legal adviser on “Cum-Ex” — a ploy that gamed the system to pass vast sums from Germany’s treasury into the hands of scores of investors and banks.