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Daily Tax Report: International

Societe Generale May Win Helaba Cum-Ex Appeal, Judge Says

Oct. 24, 2019, 3:07 PM

Societe Generale SA may win the dismissal of a lawsuit filed by Helaba linked to controversial Cum-Ex deals that were stopped by tax authorities, a German appeals court said.

The French bank is trying to overturn a 2018 ruling from a Frankfurt court awarding Helaba 22.9 million euros ($25.5 million). Helaba’s claim has little chance of success, Presiding Judge Marco Deichmann said Oct. 24 at a hearing in Frankfurt. The parties, however, didn’t rule out a settlement when the judge asked about the possibility.

The case centers on losses Helaba had when it was involved in Cum-Ex deals more than...

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