Danish Supreme Court Rules Danish Law Firm Liable for Advising German Bank on Cum Ex-Dividend Case

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Friday, December 1, 2023
Author: 
Bruce Zagaris
Volume: 
39
Issue: 
12
Abstract: 

  On November 20, 2023, the Danish Supreme Court overruled a lower court decision and order a large Danish law firm Bech-Bruun to pay DKK 400 million (approximately $58.6 million) for its advise to Germany’s North Channel Bank about cum ex-dividend transactions