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Maple Bank's liquidator sought €95 million over advice the firm gave on so-called "cum-ex" transactions. Freshfields says it never violated the law.
August 29, 2019 at 04:42 PM
1 minute read
Freshfields Bruckhaus Deringer said on Thursday that it had reached a settlement with the liquidator of an insolvent bank, who sought €95 million ($105 million) from the Magic Circle firm over advice that allegedly circumvented German tax laws.
The liquidator, Michael Frege, announced at a Maple Bank creditors’ meeting on Thursday that he had settled his claim against Freshfields, recovering €50 million ($55.3 million) for creditors, German news outlet Handelsblatt first reported.
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