<iframe src="//www.googletagmanager.com/ns.html?id=GTM-MX3DVL" height="0" width="0" style="display:none;visibility:hidden"></iframe>Pestalozzi advised UBS and Georg Fischer group pension fund as UBS' customer on a transfer of the pension fund's complete direct real estate investments portfolio | Pestalozzi Attorneys at Law

Pestalozzi advised UBS and Georg Fischer group pension fund as UBS' customer on a transfer of the pension fund's complete direct real estate investments portfolio

03.2016

UBS, and a Georg Fischer group pension fund as UBS' customer, asked Pestalozzi to advice on a transfer of the pension fund's complete direct real estate investments portfolio. The transfer was made in exchange for shares in a regulated UBS real estate fund. The deal was particularly challenging from a tax perspective. In addition, the transaction was governed by complex restrictions under local real estate laws which had to be mitigated. The tax authorities treated the transaction as a leading case and redefined their practice in this area. Pestalozzi advised UBS on all tax and legal aspects of the transaction and negotiated with the tax authorities a way for the real estate asset swap to be made in a tax neutral way.

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