Stewart Hey, Hugh Gunson and Rachel Warren write for Solicitors Journal on the cum-cum scandal
In the second instalment in a two-part series, Stewart Hey, Hugh Gunson and Rachel Warren discuss cum-cum transactions and the signs that enforcement activity might be on the horizon.
You may be familiar with the cum-ex tax fraud scandal that has been making waves across Europe (see, for example, see our recent article The cum-ex scandal explained: the enforcement net widens).
There is another related, but different, potential scandal on the horizon, involving another type of trading strategy commonly known as ‘cum-cum’ (Latin for ‘with-with’). The sums involved have been said to dwarf even those at stake in relation to cum-ex.
To date ‘cum-cum’ transactions have received much less attention, but may also soon embroil financial institutions, corporates, lawyers and other professionals in civil and/or criminal proceedings.
Read the full piece in Solicitors Journal here.
