Clyde & Co. eyes arbitration claims against Switzerland for Credit Suisse AT1 bondholders

Claims would be based on a breach of international investment agreements, and launched on behalf of Credit Suisse’s AT1 investors from jurisdictions including Hong Kong, Japan, Korea, Singapore and the UAE.

Andrew Tjaardstra

March 25, 2024

Following UBS's rapid takeover of Credit Suisse last year, law firm Clyde & Co. has said that Credit Suisse’s Additional Tier 1 (AT1) bondholders, who were wiped out at the time, can now take action against Switzerland for expropriation by bringing investment treaty claims, according to a March 25 media release.

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