Freshfields Lawyer Arrested in Germany’s Cum-Ex Tax Probe (1)

Frankfurt prosecutors arrested a lawyer who until a few weeks ago was a partner at <-bsp-bb-link state="{"bbHref":"bbg://securities/1002L%20LN%20Equity","_id":"0000016e-b774-df4e-abfe-f77529580000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Freshfields Bruckhaus Deringer LLP as part of a probe of controversial tax deals that cost Germany billions of euros.

One of two attorneys under investigation in one of the country’s Cum-Ex tax probes was arrested Friday because he is a flight risk, a spokesperson for the prosecutors said without identifying him or the law firm. People familiar with the probe have said that the lawyer is Ulf Johannemann, the former head of global tax at Freshfields. He has left the firm.

Werner Leitner, Johannemann’s ...