New Swiss Case Law Offers Protection for Foreign Bankers

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Swiss prosecutors have been banned from attempting to reinstate charges against Mr Rudolf Elmer, the former CEO of Bank Julius Baer’s Cayman Islands office.

Mr Elmer has been acquitted of leaking client data to the WikiLeaks company after the bank sacked him in 2002, however Zurich Supreme Court claimed in light of banking secrecy laws should be taken to apply to former employees of foreign banks, for example, Mr Elmer.