Freshfields Bruckhaus Deringer is facing fresh criticism for its alleged role in the ongoing cum-ex tax scandal, after a shareholder at long-standing Germany-based client spoke out against the company for using the Magic Circle firm.

Jakob Ziemes, a shareholder at electronics giant Infineon, claimed that the company’s decision to mandate Freshfields last year in light of the negative press it has received as a result of the cum-ex scandal contravened the company’s code of ethics, according to documents seen by International.