This page is not available in your selected language. Your language preference will not be changed but the contents of this page will be shown in English.

如需选择其他地区站点,请浏览以下的瑞士宝盛业务据点选项。倘若未提供您所选地区,请前往我们的国际站点。

电子服务

请选择
附加电子服务

*您的当前位置是基于您的 IP 地址的近似值,不一定代表您的国籍或住所。

Language:

Zurich Court of Appeal dismissed claim against Julius Baer

share-mobile

分享

分享

The Zurich Court of Appeal, as the court of second instance, issued its judgment in the case of the Bundesanstalt für vereinigungsbedingte Sonderaufgaben (BvS) versus Julius Baer and ruled in favour of Julius Baer as well. The ruling is not yet legally binding.

In 2005, Julius Baer acquired former Bank Cantrade Ltd. (Cantrade) through the acquisition of Bank Ehinger & Armand von Ernst Ltd. from UBS AG.

As previously disclosed, in September 2014 the BvS initiated legal proceedings in Zurich against Julius Baer as successor of former Cantrade for an amount of CHF 97 million plus accrued interests since 1994. BvS argues to be the competent German authority to claim alleged unauthorised withdrawals between 1990 and 1992 from a Cantrade account of a foreign trade company established in the German Democratic Republic (GDR).

The Zurich Court of Appeal ruled on 18 April 2018 in favour of Julius Baer as well and dismissed all claims. The ruling of the second instance is not yet legally binding.

The claims of the BvS were notified to the seller under the 2005 transaction agreement with regard to representations and warranties granted in respect of the acquired entities.

聯絡