Denmark's £1.5B Cum-Ex Tax Fraud Suit Blocked In UK

Law360, London (April 27, 2021, 10:56 AM BST) -- A London judge has dismissed Denmark's £1.5 billion ($2.1 billion) dividend tax fraud case against British hedge fund trader Sanjay Shah and others, ruling on Tuesday that the claims are barred because foreign countries are not allowed to enforce their laws in English courts.

The High Court has said that Denmark's £1.5 billion ($2.1 billion) claim that the country was cheated out of taxes falls outside the jurisdiction of the English courts. (iStock) The dividend tax fraud claim falls outside the jurisdiction of England's High Court, Judge Andrew Baker said. Denmark's tax department had argued that it was cheated out of reimbursed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!