International Financial Law Review (IFLR) Europe Awards 2010
Walder Wyss & Partners Ltd. has been co-nominated for the deal of the year in securitisation and structured finance for its role as dealers counsel in relation to the UBS covered bond programme (the «Programme») for the issuance of covered bonds issued by UBS AG, London Branch and guaranteed by UBS Hypotheken AG (the «Covered Bonds»). The Covered Bonds issued under the Programme are indirectly be backed by a portfolio of mortgages from UBS AG's domestic residential mortgage pool in Switzerland. On October 6, 2009, UBS closed its EUR 2 bn inaugural issuance under the Programme. On November 30, 2009, UBS closed its second issuance under the Programme. EUR 1 bn of Covered Bonds with a 10 years maturity were issued by UBS AG, London Branch and are guaranteed by UBS Hypotheken AG.
The UBS legal team was led by Barbara Rühlmann and Daniel Morales and included Kurt Haefeli, Davinder Dhadday, Florence Schicker Hefti and Barbara Jecklin. The ww&p team advising on the UBS Covered Bond Programme comprised partners Johannes A. Bürgi (Structured Finance), Thomas Meister (Tax), Urs P. Gnos (Corporate), Mark R. Reutter (Insolvency), and included associates Elisabeth Moskric, Lukas Wyss, and Miriam Eggen.