Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million

MORE than 500 investors have started their claims process against Switzerland for its forced write-down of Credit Suisse’s Additional Tier 1 (AT1) bonds in March 2023, said Singapore law firm Drew & Napier.

The investors, around 300 of whom are Singaporeans, are claiming losses amounting to about US$250 million, said Drew & Napier in a statement.

The law firm is leading an action against the Swiss government, to recover investors’ losses from the write-down arising from UBS’ takeover of Credit Suisse.