The long-running $1.5bn dispute plunged one of Africa's poorest countries into deep financial crisis.
October 05, 2023 at 10:33 AM
3 minute read
Slaughter and May and Peters & Peters have advised on an out-of-court settlement between Credit Suisse and Mozambique over the decade-old $1.5 billion-plus so called “tuna bonds” scandal.
The Swiss bank’s owner UBS announced the settlement on Sunday as a trial was due to open in London’s High Court on Monday, 2 October, into the scandal, which plunged Mozambique, one of Africa’s poorest countries, into deep financial crisis.
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