19 Oct 2025 | 5 Mins Read
Singapore Firm Sues Switzerland Over Asia AT1 Debts
Flipitmoney
Singapore's Drew & Napier law firm plans to file claims against Switzerland by year-end, seeking $300 million in compensation for 560 Asian bondholders of Credit Suisse AT1 debt wiped out in 2023. The claims are based on bilateral investment treaties, triggered in December 2024 and May, and follow a Swiss court ruling that the debt write-down was unlawful.