The most common and most likely answer to this crossword clue is the 8 letter word QUAGMIRE
I've seen this crossword clue in The Guardian
Q
U
A
G
M
I
R
E
More clues leading to the result QUAGMIRE
- Measure of paper covering AGM's awkward situation
- Complex situation in meeting as papers circulated
- Slough papers cover meeting of shareholders
- Bog paper defines shareholders’ meeting
- Dangerous situation created by papers about yearly meeting
- Tricky situation needing a number of papers circulated around meeting
- Some paper’s covering annual meeting in Slough
- Entanglement, meeting between the sheets
- Amount of leaves outside company event creates problematic situation
- Problem when shareholders’ meeting gets into papers
Buddy explains!

The straight part
We know that "Dangerous situation" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case dangerous situation = quagmire.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does QUAGMIRE mean?
QUAGMIRE noun- A swampy, soggy area of ground.
- A perilous, mixed up and troubled situation; a hopeless tangle; a predicament.
- To embroil (a person, etc.) in complexity or difficulty.