Swiss firms and US firms, including Davis Polk and Sullivan & Cromwell, appear to have taken to top roles on the 'emergency rescue' over the weekend to create a banking giant with a combined market capitalization of $65 billion.
March 20, 2023 at 07:25 AM
3 minute read
The original version of this story was published on Law.com International
A swathe of law firms are advising on the historic takeover of Credit Suisse by its Swiss banking rival UBS.
The deal was announced over the weekend, and will see UBS pay 3 billion Swiss francs ($3.2 billion, £2.6 billion) to acquire Credit Suisse. UBS said it expected the new, combined outfit would control 5 trillion in “in total invested assets and sustainable value opportunities”.
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