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Thursday, January 19, 2017
Volume:
33
Issue:
1
Abstract:
On January 12, 2017, the European Court of Human Rights upheld the imposition of security in the amount of €1.1 billion imposed by a French court against UBS AG in the context of the court supervision of UBS as part of a criminal investigation for illegal direct selling of banking products and aggravated laundering of the proceeds of tax fraud.