Swiss Secret Account Holders: Don't Fink Us Out

The Swiss government admits that hundreds of UBS account holders suspected of evading U.S. taxes were likely to appeal the turnover of their names to the U.S. government.

Up to five judges are to be appointed to deal with appeals lodged by UBS’s private clients. The appointments will be limited to two years and are meant to speed complaints through the Swiss courts.

Bern agreed to hand over the identities of 4,450 wealthy UBS clients to settle the case with the US. But account holders were given a right to appeal. The government said it was likely that as many as 500 appeals would be submitted by the end of the year.