Sullivan & Cromwell has landed a lead role for UBS after the Swiss National Bank and the Government of Switzerland created a fund for the bank to dump $60bn in illiquid assets, reports the Am Law Daily. The elite US firm is advising UBS, Switzerland's largest bank, on US aspects of the bailout.Sullivan has worked with UBS in the past, advising the bank on its $10.8bn (£6.3bn) acquisition of private banker PaineWebber in 2000. The team handling the work was led by firm chairman Rodgin Cohen.
October 17, 2008 at 07:43 AM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell has landed a lead role for UBS, after the Swiss National Bank and the Government of Switzerland created a fund for the bank to dump $60bn in illiquid assets, reports the Am Law Daily.
The elite US firm is advising UBS, Switzerland’s largest bank, on US aspects of the bailout.
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