Drew & Napier to Sue Switzerland over AT1 Losses

Drew & Napier to sue Switzerland over AT1 losses

Singapore law firm Drew & Napier plans to sue the Swiss government for compensation on behalf of Asian bondholders who lost Credit Suisse AT1 investments. Read more at straitstimes.com.

Swiss AT1 Decision Opens Doors for Singapore Law Firm Filing

A major law firm in Singapore is set to file claims against the Swiss government over the Credit Suisse AT1 wipeout following a recent court decision that the move was unlawful. Drew & Napier is set to file claims against Switzerland's government over the write-down of 16.5 billion Swiss francs ($20.8 billion) in Credit Suisse AT1 bonds under an investment treaty that offers protections to individuals and companies carrying out investments again…

Drew & Napier to sue Switzerland over Asia losses on AT1s

ONE of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for hundreds of Asian bondholders of Credit Suisse Additional Tier-...