HONG KONG — A Tokyo-based law firm is set to reboot efforts to enlist investors hit by the sudden wipeout of certain bonds issued by the now-defunct Credit Suisse, adding to a growing movement to launch legal action across Asia.
Eiji Masuda, the managing partner of Masuda & Partners Law Office in Tokyo, told Nikkei Asia over the weekend that his firm will make a renewed call to holders of Credit Suisse’s additional tier one (AT1) bonds “very soon.” The firm aims to take the Swiss government to international arbitration based on the bilateral investment treaty between Switzerland and Japan, which is designed to ensure investors are treated fairly and equitably and allows for arbitration to protect their rights.
Source: NIKKIEASIA
