Event

Omni Bridgeway and Withers seminar | Taming the Black Swan, one year on – the collapse of Credit Suisse and rights of bondholders under international law | Hong Kong

9 May 2024

In-person seminar in Hong Kong

Time | 12:30 - 13:30 pm (Registration time :12:15pm)

Location | Withers Hong Kong office - 30/F, United Centre, 95 Queensway, Hong Kong
 


The unprecedented write-down of Credit Suisse AT1 bonds affected billions of bonds globally, and Asia has felt the impact no less than anywhere else in the world. Indeed, investors from Asia-Pacific form a substantial part of the exposure. 

Withers has been advising bondholders and working on the Credit Suisse AT1 crisis since the collapse of Credit Suisse, and is one of the first global law firms to represent bondholders in Asia. 

The Hong Kong market has also reportedly suffered exposure from the crisis. The impact of the fallout is now being crystallized one year on, and many investors are looking for means to recover their losses against the Switzerland Confederation. 

Investment treaty arbitration is an effective way for bondholders to seek recourse in view of the strong substantive investment protections offered by relevant treaties and the international enforceability of arbitral awards. In this regard, Withers represent a large number of bondholders and is taking steps with bondholders to commence international arbitration on behalf of bondholders in Asia and the Middle East, with focus on Japan, Hong Kong, Singapore, South Korea, UAE, Qatar and the Kingdom of Saudi Arabia. Included in this is our representation of reportedly the largest contingent of affected bondholders from Singapore with over 100 family offices, funds, business owners and private investors in a multi-million dollar claim against Switzerland. 

Join us as we consider the impact of the crisis and explore the options available to affected investors. 

 RSVP

To register, kindly click on the RSVP button above or you may reach out to us at hk.events@withersworldwide.com.


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This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

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