Law firm Clyde & Co has decided to offer Credit Suisse’s additional tier 1 (AT1) bondholders the opportunity to take action against Switzerland for expropriation.
Clyde & Co plans to bring investment treaty claims, aiming to hold the Swiss state accountable for breaching its international investment agreements when it wrote the bonds down to zero as part of the takeover of Credit Suisse by UBS.
These claims are different to others challenging the decision, which wil...
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