Swiss Court Rules Swiss Regulator Violated the Law in Ordering UBS to Hand Over Client Data to the U.S.

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Monday, March 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
3
Abstract: 
On January 5, 2010, the Swiss Federal Administrative Court in Bern ruled that the Swiss Financial Market Supervisory Authority (FINMA) had violated Swiss law when it ordered UBS to surrender to the U.S. financial on approximately 300 clients suspected of evading taxes in the U.S...more...