On February 19, 2017, UBS AG signed an agreement with Northern Trust Cooperation for the sale of the UBS fund services business in Luxemburg and Switzerland. The transaction is expected to close in the second half of 2017, subject to applicable regulatory approvals and other customary closing conditions.

Homburger advised UBS AG with respect to the Swiss law aspects of the transaction. The Homburger team was led by partner Claude Lambert (Corporate | M&A) and included partners Stefan Kramer (Financial Services) and Stefan Oesterhelt (Tax), associates Sergio Bortolani and Karin Mattle (both Corporate | M&A) and Céline Martin (Tax) as well as junior associate Philippe Baumann (Corporate | M&A).