The Paris Court of Appeal extended the deliberation of the long-awaited decision on Monday in the so-called “milk notebooks” case. The judges have decided to postpone their decision until December 13, 2021.

Prosecuted for aggravated money laundering tax evasion and illegal bank canvassing in France between 2004 and 2012, the Swiss bank was sentenced at first instance to a record fine of 4.5 billion euros. "I regret to have to extend the deliberation," announced President François Réygrobellet. Recall that the Swiss wealth management giant was fined 3.7 billion euros in February 2019, the heaviest sanction ever imposed in France for a tax evasion case. The bank was also ordered to pay 800 million euros in damages to the French state. But since the condemnation of the bank at first instance, a series of judgments by the Court of Cassation have changed the basis for calculating the fine due in the event of laundering of tax fraud. The basis is no longer the amount of assets evaded, but the amount of unpaid taxes on these sums.