UBS Appeals French Court's $2B Ruling In Tax Fraud Case

By Todd Buell (December 21, 2021, 11:10 AM EST) -- Swiss bank UBS has challenged a French Court of Appeal's ruling that it engaged in unlawful solicitation and aggravated laundering of the proceeds from tax fraud and is on the hook for nearly €2 billion ($2.2 billion).

Swiss bank UBS on Monday challenged the French Court of Appeals over a ruling that it engaged in unlawful solicitation and aggravated laundering of the proceeds from tax fraud. (AP Photo/Mark Lennihan) UBS AG said late Monday that it had appealed to the French Supreme Court the intermediate court's decision to uphold a confiscation order of €1 billion and award civil damages of €800 million to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!