Author: Azizur Rahman 21 April 2023
Thomson Reuters asked Aziz Rahman for his assessment of the ongoing Cum-Cum and Cum-Ex investigations.
In a piece for Thomson Reuters’ Regulatory Intelligence, Aziz explains why the fall-out from the investigations into the share trading and tax evasion practices could be both lengthy and costly.
He says that while the two investigations are separate, they can be seen as an indicator of investigators’ willingness to “join the dots’’ by detecting patterns of share-related activity and the reasons for them.
Aziz’s article outlines the significant recent developments in both investigations and emphasises that the course of either of them could change at any time.
He details some of the possible implications for financial institutions and anyone else who may have been involved in Cum-Cum or Cum-Ex, including hedge fund managers, fund custodians and administrators, chief investment officers, portfolio managers, brokers and those who advised on the legality of these activities.
The full article can be read here. (subscription required)
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.