Important litigation victory for a Swiss bank
Lenz & Staehelin successfully defended a Swiss bank against monetary claims raised by a banking software and outsourcing provider amounting to CHF 90 million plus interest. The dispute arose out of a M&A transaction regarding a former joint venture. In a decision of 7 June 2019, the Commercial Court of Zurich had dismissed the claim in its entirety. In a recently published decision of 21 February 2020 (BGer 4A_357/2019) the Swiss Federal Supreme Court dismissed the claimant's appeal without entering the merits of the case.
Lenz & Staehelin's team included partner Harold Frey and counsel Martin Aebi (both Dispute Resolution) as well as associate Lukas Staub (TMT and Outsourcing).