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Singular Bank wins non-competition arbitration in Spain against UBS

Summary by 20minutos
Judicial review for UBS. The German court has ruled against the Swiss bank for the non-competition clause in Spain after Credit Suisse’s bailout in March 2023. An arbitrator has given the right to Singular Bank, which in 2021 acquired the private banking unit in Spain of the aforementioned UBS with the condition of not operating in the next few years. However, the forced purchase has led to the return of the Helvetic giant to the country through…
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