Ubs AG 6-K, filed Nov 15, 2023
Ubs AG (AMUB)
6-K
2023-11-15
For: 2023-11-15
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Added on
April 06, 2026
About this 6-K
Ubs AG filed this 6-K on November 15, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Date: November 15, 2023
UBS Group AG
(Registrant's Name)
Bahnhofstrasse 45, 8001 Zurich, Switzerland
(Address of principal executive office)
Commission File Number: 1-36764
UBS AG
(Registrant's Name)
Bahnhofstrasse 45, 8001 Zurich, Switzerland
Aeschenvorstadt 1, 4051 Basel, Switzerland
(Address of principal executive offices)
Commission File Number: 1-15060
Indicate by check mark whether the registrants file or will file annual reports under cover of Form
20-F or Form 40-
F.
Form 20-F
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This Form 6-K consists of the news release which appear immediately following this page.
Investor Relations
Tel. +41-44-234 41 00
Media Relations
Tel. +41-44-234 85 00
UBS Group AG, News Release, 15 November 2023 Page 1
15 November 2023
Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules
News Release
French Supreme Court refers UBS legacy matter to Appeals Court
Zurich, 15 November 2023 – The French Supreme Court issued a judgement today on a legacy matter related
to UBS’s cross-border business activities in France between 2004 and 2012.
The Supreme Court upheld the previous court decision regarding unlawful client solicitation and aggravated
laundering of the proceeds of tax fraud, while overturning the confiscation of EUR 1bn, the fine of EUR
3.75m and EUR 800m in civil damages awarded to the French state. The case is now being referred back to
the Paris Court of Appeal, which will reconsider the overturned elements and deliver its judgement after a
new trial.
While UBS is pleased that the highest court in France agrees with its position on these important aspects of
the legal case, UBS is disappointed that the French Supreme Court has confirmed the previous court decision
regarding unlawful client solicitation and aggravated laundering of the proceeds of tax fraud despite the
treaty between Europe and Switzerland on the taxation of savings income and a lack of specific evidence for
the alleged facts. UBS continues to maintain that it acted in accordance with all applicable laws and
regulations at all times. UBS will defend itself in the forthcoming trial.
UBS Group AG
Investor Relations:
Switzerland: +41-44-234 41 00
Media Relations:
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00
www.ubs.com/media
Investor Relations
Tel. +41-44-234 41 00
Media Relations
Tel. +41-44-234 85 00
UBS Group AG, News Release, 15 November 2023 Page 2
Disclaimer
This document contains statements that constitute “forward-looking statements.” While these forward-looking statements
represent UBS’s judgments and expectations concerning the matters described, a number of risks, uncertainties and other
important factors could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of
the risks and uncertainties that may affect UBS’s future results please refer to the “Risk Factors” and other sections of UBS’s
most recent Annual Report on Form 20-F, risk factors filed by UBS Group AG with the SEC on 31 August 2023 in Form 6-K,
quarterly reports and other information furnished to or filed with the US Securities and Exchange Commission on Form 6-K.
UBS’s Annual Report on Form 20-F, quarterly reports and other information furnished to or filed with the US Securities and
Exchange Commission on Form 6-K are also available at the SEC’s website:
www.sec.gov.
This Form 6-K is hereby incorporated by reference into (1) each of the registration statements on Form
F-3 (Registration Numbers 333-263376
and 333-272452), and on Form S-8 (Registration Numbers
333-200634; 333-200635; 333-200641; 333-200665; 333-215254; 333-215255; 333-228653; 333-
230312; 333-249143 and 333-272975), and into each prospectus outstanding under any of the
foregoing registration statements, (2) any outstanding offering circular or similar document issued or
authorized by UBS AG that incorporates by reference any Forms 6-K of UBS AG that are
incorporated into its registration statements filed with the SEC, and (3) the base prospectus of
Corporate Asset Backed Corporation (“CABCO”) dated June 23, 2004 (Registration Number 333-
111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444), and
the Prospectus Supplements relating to the CABCO Series 2004-101 Trust dated May 10, 2004 and
May 17, 2004 (Registration Number 033-91744 and 033-91744-05).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.
UBS Group AG
By: _/s/ David Kelly______________
Name: David Kelly
Title: Managing Director
By: _/s/ Ella Campi_______________
Name: Ella Campi
Title: Executive Director
UBS AG
By: _/s/ David Kelly______________
Name: David Kelly
Title: Managing Director
By: _/s/ Ella Campi_______________
Name: Ella Campi
Title: Executive Director
Date: November 15, 2023