UBS welcomes the announcement that the US and Swiss governments have agreed to negotiations for the purpose of resolving the ‘John Doe’ summons litigation.
This agreement has resulted in a joint motion by the US government and UBS, with the support of the Swiss government, for a stay of the litigation in Miami for a duration of 15 days in order to achieve a settlement. The parties and the Swiss government will present this motion for the court’s approval on 13 July morning.
L.D.