Where does Swiss and US government filed a delay on the UBS secrecy case?”
The US and Swiss governments and banking giant UBS have asked for a postponement of hearings scheduled to begin on Monday. Washington is seeking to force UBS to hand over information regarding its American clients. The parties involved filed jointly with a US federal court in Miami asking a judge to delay the hearing, saying all sides hope to reach an alternative settlement in the case. “The Department of Justice, UBS and the Swiss government have requested a stay with a rescheduled hearing date of Aug. 3, 2009, in the proceedings for enforcement of the summons ordering UBS to turn over records of account holders,” the Department of Justice said in a statement. “The stay was requested in order to provide the parties additional time to discuss a possible alternative resolution of the matter.” US District Court Judge Alan S. Gold did not immediately rule on the request but would likely accept it.
The U.S. and Swiss governments and banking giant UBS AG indicated Sunday they were seeking a settlement and asked a federal judge to delay high-stakes hearings on the Internal Revenue Service’s effort to identify thousands of suspected American tax evaders. The one-page motion, filed in Miami less than 24 hours before the hearings were to begin Monday, said postponement is needed “to allow the two governments to continue their discussions seeking a resolution of this matter.” Unless a deal is reached beforehand, the filing asks that the hearing be rescheduled for Aug. 3. U.S. District Judge Alan S. Gold did not immediately rule on the request, but judges routinely allow parties in civil cases extra time to settle out of court. Such a deal would likely include a large penalty against UBS and possibly require the bank to reveal at least some names, tax experts say. The case seeking the identities of some 52,000 wealthy American clients suspected of hiding $15 billion at UBS has already s
