Swiss Court Rules Credit Suisse Bond Write-Off Unlawful, Reviving $20.5bn Investor Battle

A Swiss court on Tuesday declared unlawful the decision to write off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds during the bank’s emergency takeover by UBS, handing a major legal victory to investors who had accused authorities of acting without due process. The ruling by Switzerland’s Federal Administrative Court struck at the

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