Bär & Karrer advises UBS on the
completion of the sale of its stake in
Swisscard and the transition of the
Credit Suisse branded card portfolios

On 21 January 2026, the successful completion of the sale of UBS Switzerland AG's ("UBS") 50% stake in Swisscard AECS GmbH ("Swisscard") to American Express Swiss Holdings GmbH was published in the Swiss Official Gazette of Commerce. Previously, UBS and Swisscard had successfully completed the transition of Swisscard's Credit Suisse branded card portfolios to UBS.

Bär & Karrer acted as legal advisor to UBS in this transaction. The team was led by Vera Naegeli and included Rolf Watter, Linus Zweifel, Matthias Tanner, Fabian Schlegel and Morris Rigling (all M&A and Corporate & Commercial), Susanne Schreiber, Cyrill Diefenbacher, Fabian Capt and Martin Leu (all Tax), Daniel Flühmann and Christina Werren (both Regulatory), Mani Reinert and Martin Werner (both Competition), Lukas Roesler (Finance), Cinzia Catelli, Predrag Sunaric and Yves Tjon-A-Meeuw (all Litigation) as well as Laura Widmer (Employment).