An ICC arbitrator found that Credit Suisse’s contracts did not permit the write-down of former foreign-exchange chief Matthew Mitchell’s three Contingent Capital Awards. UBS is now asking a New York federal court to vacate the $1.06m ruling while confirming the $557,498 award it won in the same dispute.
A newly published ICSID order shows that the Credit Suisse AT1 arbitration will largely unfold behind closed doors. Hearings, evidence and key Swiss and FINMA files may remain hidden, even as Bern seeks security for costs.
An ICC arbitrator found that Credit Suisse’s contracts did not permit the write-down of former foreign-exchange chief Matthew Mitchell’s three Contingent Capital Awards. UBS is now asking a New York federal court to vacate the $1.06m ruling while confirming the $557,498 award it won in the same dispute.
A newly published ICSID order shows that the Credit Suisse AT1 arbitration will largely unfold behind closed doors. Hearings, evidence and key Swiss and FINMA files may remain hidden, even as Bern seeks security for costs.
An ICC arbitrator found that Credit Suisse’s contracts did not permit the write-down of former foreign-exchange chief Matthew Mitchell’s three Contingent Capital Awards. UBS is now asking a New York federal court to vacate the $1.06m ruling while confirming the $557,498 award it won in the same dispute.
A newly published ICSID order shows that the Credit Suisse AT1 arbitration will largely unfold behind closed doors. Hearings, evidence and key Swiss and FINMA files may remain hidden, even as Bern seeks security for costs.
