Haarmann Hemmelrath & Partner is facing a multi-million euro claim relating to the firm's advice on a disposal by Werhahn Group's Markische-Bau Union (MBU). Werhahn Group alleges that Haarman Hemmelrath, which has vowed to contest the claim, wrongly advised the company over the tax liability on MBU's sale of AKB Bank, a transaction that was liable to tax after changes in regulations.
July 10 2004