Swiss Court Rules FINMA Violated Law By Ordering Turnover of UBS Client Information | Practical Law

Swiss Court Rules FINMA Violated Law By Ordering Turnover of UBS Client Information | Practical Law

An update on the Swiss Federal Administrative Court's decision holding that FINMA, Switzerland's financial services regulator, violated Swiss law when it ordered UBS to hand over the names of nearly 250 US clients to US authorities in February 2009.

Swiss Court Rules FINMA Violated Law By Ordering Turnover of UBS Client Information

Practical Law Legal Update 7-501-1858 (Approx. 2 pages)

Swiss Court Rules FINMA Violated Law By Ordering Turnover of UBS Client Information

by PLC Finance
Published on 08 Jan 2010 • Switzerland
An update on the Swiss Federal Administrative Court's decision holding that FINMA, Switzerland's financial services regulator, violated Swiss law when it ordered UBS to hand over the names of nearly 250 US clients to US authorities in February 2009.