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Keystone / How Hwee Young Potential lawsuit will argue the $17 billion (CHF15.25 billion) wipeout of bonds violates free trade agreement. This content was published on April 20, 2023 Mercedes Ruehl in Singapore At least 80 Credit Suisse investors in Singapore are in talks to sue the Swiss government over its decision to write down $17 billion of Credit Suisse bonds on the grounds it violates a free trade agreement. The bondholders are preparing to argue that the move breached protections against unfair state actions under the Singapore-European Free Trade Association signed with Switzerland in 2003, according to law firm...
