The ruling comes 10 months after a Danish court sentenced Sanjay Shah to 12 years in jail. Photo: AP PHOTO

Denmark's tax authority has lost a London lawsuit against Sanjay Shah's hedge fund and others for defrauding the Nordic state, in a blow to its efforts to recoup vast tax losses from "cum-ex" schemes.

Subscribe now for unlimited access .

Login or signup to continue reading All articles from our website The digital version of Today's Paper All other regional websites in your area Continue

The lawsuit was worth 1.44 billion pounds ($A2.94 billion).

Skatteforvaltningen (SKAT) sued Shah and his now-defunct Solo Capital investment fund at London's High Court in 2018, alleging that Shah and Solo Capital were responsible for the bulk of its claims of cum-ex-related divi

See Full Page