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Credit Suisse Bondholders Given Fresh Hope by Swiss Court Ruling
Insurance Journalยท 2025-10-15 16:19
A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal over two years ago.The complainants, some 3,000 investors, had argued that the March 2023 decree to write down 16.5 billion Swiss francs ($20.5 billion) of the additional-tier 1 bonds was unlawful and should be revoked, and the write-down be reversed. The Swiss Federal Administrative Court ruled on Oct. 1 on one of those as ...