US Court Dismisses Credit Suisse Lawsuit Against Switzerland

2025-10-01 02:08:27

(MENAFN- Swissinfo) A United States court says Switzerland is not liable for losses incurred by creditors in connection with so-called AT1 bonds in the takeover of Credit Suisse by UBS. This content was published on October 1, 2025 - 15:35 2 minutes Keystone-SDA

Deutsch de US-Gericht weist Klage gegen die Schweiz wegen CS-Übernahme ab Original Read more: US-Gericht weist Klage gegen die Schweiz wegen CS-Übernahme a

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This was decided by a US District Court in New York. The Swiss Federal Department of Finance (FDF) announced the judgement on Wednesday.

The court in New York ruled that the Swiss Confederation was not subject to its jurisdiction in this matter due to sovereign immunity.

+ How AT1 bond“rip-off” could cost Swiss taxpayer

In a civil action, a group of international investors had demanded $370 million. The background to this is that the Swiss Financial Market Supervisory Authority (FINMA) had ordered the AT1 bonds to be written down to zero in March 2023.

The investors now have 30 days to appeal the judgement to the competent court of appeal.

More More Switzerland faces fresh AT1 bond case after Credit Suisse collapse

This content was published on Jul 16, 2025 A British law firm has filed a case at the World Bank in connection with the write-down of AT1 bonds in 2023.

Read more: Switzerland faces fresh AT1 bond case after Credit Suisse collaps

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