- Dispute Resolution
- Competition Law / International Trade
Credit Suisse takeover：protecting Japanese investments under the Japan-Switzerland EPA
On 18 March 2023, the sale of struggling Credit Suisse to its rival, UBS, was announced. The transaction took the form of a merger of the two banks supported by the Swiss Government, with UBS to be the only surviving entity upon the closing of the merger transaction （“Transaction”）. In an unprecedented turn of events, Government measures taken to support the transaction triggered a complete write-down of the nominal value of all Credit Suisse Additional Tier 1 （"AT1"） bonds in an amount of around 16 billion Swiss Francs, while the takeover preserved some value for Credit Suisse’s shareholders. This newsletter addresses the situation Japanese investors in Credit Suisse AT1 bonds are currently facing as a…To read the article, please see the PDF file
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Dispute Resolution & Competition Law / International Trade Newsletter
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