6 March 2009 - The investigations of the US Department of Justice and the Securities Exchange Commission against UBS AG came to a conclusion when the bank reached a settlement with the US authorities on 18 February 2009. The efforts undertaken by the bank during the internal investigations are explicitly pointed out in the Deferred Prosecution Agreement with the US regulators. The extensive and thorough factual examination was cited as a mitigating factor in determining disposition.
While the bank was represented by the New York law firm Wachtell Lipton Rosen & Katz LLP in relation to the investigation by the US authorities, a European team of lawyers from the law firm Mayer Brown LLP provided significant support with respect to the on-site internal investigations. Overall, the Mayer Brown team consisted of more than 60 lawyers out of which an average 15 worked on the internal investigation at any point of time. The Mayer Brown team was led by Tim Wybitul, who has advised several companies in the course of investigations by US authorities.
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