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Konrad K Häuptli

ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Ukraine obtains documents from Swiss banks
by Konrad K Häuptli | Aug 31, 2025 | Regulatory

k-flash audio commentUkraine obtains documents from Swiss banks
k-flash audio commentUkraine obtains documents from Swiss banks

The case

After a request made by the investigating judge of the Pechersk District Court in Kiev on 26 October 2022, the Swiss authorities seized funds belonging to companies associated with Kostiantyn Zhevago (formerly Finance & Credit Bank). These assets were seized from Swiss banks and amount to more than USD 113 million.

Source: Tribunal penal federal & Tribunal federal (French)

The commentary

The State Bureau of Investigation (SBI) and the Asset Recovery and Management Agency (ARMA) have been coordinating their efforts with the Swiss authorities in order to make sure that the seized funds are transferred back to the Ukraine.

Earlier this week, the Chamber of the Federal Criminal Court dismissed all appeals by the companies. Among other things, they had complained of a violation of the right to be heard as well as a breach of the principle of proportionality.

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