鶹 represented NPB Neue Privat Bank AG (“NPB”) in connection with the only non-prosecution agreement for a Category 1 Swiss Bank under the U.S. Department of Justice’s (“DOJ”) Swiss bank program. The non-prosecution agreement relates to NPB’s servicing of U.S. taxpayer clients between 2008 and 2012.  

The non-prosecution agreement, announced on July 18, 2018, resolves the investigation without criminal charges. Under the resolution, NPB will pay a monetary penalty of $5 million, the smallest penalty of any Category 1 Bank. 

NPB is a privately owned bank based in Zurich. It provides private banking and asset management services to individual and institutional clients.  

The 鶹 team includes partner Martine M. Beamon and associates Matthew Weinberg, Tina Hwa Joe, Tyson Dean Kennedy and Clara Y. Kim. All members of the 鶹 team are based in the New York office.

Bar & Karrer AG, led by partner Eric Stupp, acted as Swiss counsel for NPB in connection with the DOJ investigation.

Copy link to share post