One of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for hundreds of Asian bondholders of
Drew & Napier plans to go ahead with so-called investment treaty claims for Japanese bondholders first, followed by Hong Kong and Singapore investors, according to a director at the firm that’s representing about 560 bondholders from the three jurisdictions.
A court decision in Switzerland that the writedown of the Credit Suisse AT1 bonds was unlawful is the “first step in righting ...