International Banking & Finance Law Archives

Credit Suisse, AT1 bonds and taking the BIT between the teeth

Justina Stewart, Lucian Ilie and Anson Cheung, with Hanif Virji of Vivadum, consider potential investment treaty claims in an article in May’s edition of Butterworths’ Journal of International Banking & Financial Law. Given the huge losses suffered by Additional Tier 1 bondholders, it is unsurprising that lawyers are exploring various potential avenues for investors to obtain redress. Justina, Lucian and Anson have co-written an article with Hanif Virji from Vivadum, looking at potential investment treaty claims. Key Points On 19 March, the Swiss Financial Market Supervisory Authority (FINMA) announced the approval of the takeover of Credit Suisse (CS) by UBS and the complete write-down of all CS’s Additional Tier 1 bonds (AT1s) in the sum of CHF16bn. The financial markets,…

News 22 May, 2023

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Credit Suisse, AT1 bonds and taking the BIT between the teeth

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