At least 80 Credit Suisse investors in Singapore are in talks to sue the Swiss government over its decision to write down $17 billion of Credit Suisse Additional Tier-1 bonds. Lawyers in Japan are also considering filing lawsuits to recoup investor losses from the sale of the bonds.
April 25, 2023 at 09:56 AM
7 minute read
Asia Editor
Asia Correspondent
Credit Suisse investors in Asia are considering filing lawsuits that could help them recoup some of their losses.
At least 80 Credit Suisse investors in Singapore are in talks to sue the Swiss government over its decision to write down $17 billion of Credit Suisse Additional Tier-1 bonds on the grounds that it violated the Singapore-European Free Trade Association agreement signed between the city-state and Switzerland in 2003, according to the Financial Times.
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