Author: Azizur Rahman 26 October 2020
Rahman Ravelli recently discussed authorities looking closely at past legal advice given in relation to Cum-Ex with Security Lending Times.
It pointed to the landmark case heard in Bonn, Germany, earlier this year where two former HypoVereinsbank (HVB) — now part of UniCredit — traders were found criminally liable of tax-related fraud and handed suspended sentences, to emphasise this point.
During this case, the defendants highlighted legal opinions gained at the time which stated that short-term trading over dividend dates was legally sound, but this was not accepted by the judge.
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.