Credit Suisse AT1 Case: Investors Call, Swiss Supreme Court Responds

Published

The Swiss Supreme Court has ordered the Swiss Federal Administrative Court to explain the delays in processing the appeals

There has been a development regarding the write-down of Credit Suisse’s AT1 bonds. Following complaints from certain investors complaining about delayed justice, an issue that Antigua.news first reported on May 24, 2025 — the Swiss Supreme Court has delivered a significant initial ruling on the matter.

In an order dated June 24, 2025, (see document below) the Swiss Supreme Court — acting as supervisory authority — instructed the Swiss Federal Administrative Court (SFAC) to respond to the complaints submitted by the plaintiffs by July 27, 2025. Additionally, the Swiss Supreme Court posed specific questions to the SFAC, requesting a detailed explanation on some issues:

1. Why has no significant activity been recorded on the part of the Swiss Federal Administrative Court since spring 2024?

2. Why have the files of FINMA and CS/UBS not yet been forwarded to the legal representatives?

Finally, the Swiss Supreme Court also requested the SFAC to explain its “strategy for completing the proceedings regarding the write-down of AT1 capital instruments so that a ruling can be issued in the foreseeable future.”

Therefore, the Swiss Supreme Court seems to have understood that investors are complaining about a completely anomalous situation and it is seeking clear and non-evasive answers from SFAC.

When investors call, the Swiss Supreme Court responds, at least for now.

Antigua.News Whatsapp Channel

This story was first published by Antigua News on : antigua.news/2025/06/26/credit-suisse-at1-case-investors-call-swiss-supreme-court-responds. © 2025 Antigua News. Republication without permission is not allowed.

Step 1

Add Antigua.news to your Home Screen

✕ antigua.news ⋯ Open in Safari Copy link Share…

First, open this page in Safari

You are reading inside another app (Instagram, Facebook…). Tap ⋯ at the top right and choose Open in Safari (or Open in browser).

No such option? Copy the link, open Safari and paste it in the address bar.

⚙️ Settings General › Software Update

Update your iPhone first

Alerts need iOS 16.4 or newer. Open Settings → General → Software Update and install the update. You can still add the icon now: tap Next.

‹ antigua.news ⋯

Tap the ⋯ button

It is at the bottom right of Safari, next to the address bar. Don't see the bar? Scroll up a little.

Share Add Bookmark New Tab Find on Page

Tap Share

It is the first option of the menu, with a square-and-arrow icon.

antigua.news ‹ › ▢ ⧉

Tap the Share button

The square with an arrow pointing up, in the middle of the bar at the bottom (on iPad: at the top right).

antigua.news

Tap the Share button

The square with an arrow, at the right of the address bar at the top. (Firefox: tap ☰ at the bottom, then Share.)

Copy Add to Reading List Add to Home Screen

Tap Add to Home Screen

Scroll down the list to find it (icon: a square with a +). Not there? Tap Edit Actions or View More at the bottom.

Cancel Add to Home Screen Add Antigua.news Open as Web App

Keep Open as Web App on, then tap Add

The switch must be green — without it, alerts can't work. Then tap Add at the top right.

Cancel Add to Home Screen Add Antigua.news An icon will be added to your Home Screen so you can quickly access this website.

Tap Add

At the top right. If you see an Open as Web App switch, leave it on (green).

Antigua.news

Close the browser and open Antigua.news from its new icon

Go to your Home Screen: the Antigua.news icon is there now (swipe left if you don't see it). Alerts only work when you open us from this icon.

“Antigua.news” Would Like to Send You Notifications Notifications may include alerts, sounds and icon badges. Don’t Allow Allow

Tap 🔔 Turn on alerts, then Allow

In the app you will see a red box asking to turn on alerts: choose your sections, tap the button, then tap Allow. That's it — breaking news will reach you even with the phone locked.

Dario Item

About the author

Dr. Dario Item is the Head of Mission of the Embassy of Antigua and Barbuda in Madrid. He is an experienced financial crimes lawyer with nearly 30 years of practice. He holds degrees in law and political science, a Ph.D. in criminal law and an LL.M. in transnational financial crime.

Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.

Comments

Be the first to comment.

Submit a comment

More from Credit Suisse AT1 Case

View section