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Our sector experience

Baker McKenzie advised UBS Group AG on the conclusion of a Loss Protection Agreement (LPA) with the Swiss Confederation. The loss protection guarantee governed by the LPA is a cornerstone element of the merger between UBS and Credit Suisse and became effective with the completion of the merger of the two banks. The acquisition of Credit Suisse by UBS was momentous as the first-ever combination of two global systemically important financial institutions. Baker McKenzie Switzerland acted as sole legal advisor to UBS in connection with the LPA.

UBS Group CHF 9 billion

CASE STUDY

Privatbank IHAG

Sale of its client book to Bank Vontobel AG by way of an asset deal. After the closing, PB IHAG intends to return its banking license and wind down its remaining positions.

MUFGUSD 3 billion

Lead counsel to MUFG Bank, Rabobank, ANZ, Barclays, DBS, First Abu Dhabi Bank, JP Morgan and Societe Generale on the USD 3 billion syndicated acquisition financing facility to UPL Corporation for the acquisition of Arysta LifeScience.

Dubai Islamic Bank USD 2 billion

Successfully defended bank against a USD 2 billion claim in the English Commercial Court, alleging breach of contract and of the bank's duties as mortgagee in possession of a 20 million square feet plot of land in Dubai.