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ZURICH, March 13 (Reuters) - Switzerland's tax authority may provide administrative assistance to France in a case involving the French subsidiary of UBS, the Swiss federal supreme court has ruled, newswire SDA reported on Monday.
The Lausanne-based court found the misconduct alleged by French authorities would also be punishable in Switzerland and thus overturned a lower court ruling on the matter.
In March 2015, the French unit of UBS was placed under formal investigation and paid bail worth 10 million euros ($10.7 million).
$1 = 0.9371 euros Reporting by Joshua Franklin; Editing by Michael Shields