Yet to be determined I guess. Cum-ex wasn't explicitly mentioned as forbidden between 1992 and 2011, cum-cum wasn't forbidden until 2016. In my absolute layman

Yet to be determined I guess. Cum-ex wasn't explicitly mentioned as forbidden between 1992 and 2011, cum-cum wasn't forbidden until 2016. In my absolute layman's opinion cum-cum trickery might have been legal unless forbidden, but cum-ex sounds more like fraud than exploiting loopholes - and the state has sued all the people and organisations involved starting from 2014 - looking for tax evasion and fraud convictions...