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The law firm representing a group of Credit Suisse AT1 bondholders has been instructed to recover their losses from UBS.

$17bn worth of contingent convertible bonds wiped out following UBS takeover

The wipeout of 16 billion Swiss francs for the owners of Credit Suisse's AT1 bonds is likely to result in a legal dispute. An international law firm has assembled a large group of clients willing to take legal action.

(Image: Ricardo Gomez Angel / Unsplash) Friday, 23 April 2021 15:42 | Written by Katharina Bart Credit Suisse Taps Favored Law Firm for Probes finews.com has learned.  Credit Suisse retained Homburger as well as Deloitte for two investigations ordered by its board into Greensill and Archegos, respectively, a source familiar with the matter told finews.com. The choice of Homburger in particular is puzzling: the Zurich law firm led a 2019 investigation into a corporate espionage scandal. Homburger’s probe found the spying of defecting banker Iqbal Khan to be a «rogue» incid...

Credit Suisse loses final bid to block auditor appointment in spying saga By Brenna Hughes Neghaiwi FILE PHOTO: Switzerland's national flag flies below a logo of Swiss bank Credit Suisse in Zurich ZURICH (Reuters) – Credit Suisse has lost its final bid to block the auditor chosen by Swiss financial supervisor FINMA to scrutinise the bank’s activities in a spying scandal, according to a Supreme Court ruling published on Wednesday. In January 2020, FINMA appointed an independent auditor to review the bank’s corporate governance and its use of electronic communications in conne...