The Swiss newspaper SonntagsZeitung reports that c.a. 50 employees from Coutts, Rahn & Bodmer, Baumann & Cie and the Migros bank are in contact with lawyers from Rüd Winkler Partner in order to blockthe transmission of their names to the US authorities.
The time-span for handling such requests in court would most likely be 2 years.
The newspaper highlights that Category 2 banks of the US Program might therefore not be able to hold the deadline.
When clients were served by multiple bankers, more names will need to be handed over.
With the information that the Department of Justice will receive based on the US Program framework they can prepare lawsuits against individual relationship managers and start treaty requests. But the double tax treaty 2009 is not yet signed by the US senate.