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Finews.com is Switzerland’s leading news site for all professionals in the financial sector and delivers real-time and constantly-updated news about the Swiss financial industry.
The Swiss courts must decide if the Credit Suisse AT1 bond write-off was illegal - and, if so, who should pay.
The US law firm Quinn Emanuel Urquhart & Sullivan has filed two lawsuits against the write-off of the value of Credit Suisse's AT1 bonds in Switzerland. One of the partners now sets out his arguments in an interview.
A group of Credit Suisse investors, claiming billions of dollars in losses during the recent UBS takeover, have sued Swiss financial regulators.
This is the first major lawsuit in the public domain over the regulator’s decision to render around $18 billion worth of Credit Suisse’s Additional Tier 1 (AT1) debt worthless during the rescue deal