Clifford Chance’s Frankfurt office was raided Feb. 27 by German authorities seeking files on a banking client that is caught up in the so-called CumEx tax saga.
The search and subsequent handing over of files was not against the firm itself, but rather ABN Amro, which the firm is advising in relation to CumEx misconduct, according to a person with knowledge of the matter. CumEx misconduct involves allegations against a network of banks, stock traders and lawyers that they unlawfully obtained billions from European treasuries through suspected fraud and speculation involving taxes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]