Singapore’s leading firm, Drew & Napier, is preparing to launch an international arbitration claim against the Swiss government. The claim is on behalf of a group composed chiefly of high-net-worth individuals and accredited investors of Credit Suisse Additional Tier 1 (AT1) bonds in Hong Kong and Greater China. The development was revealed exclusively to Law.com International.
Marking a precedent in May, Drew & Napier assumed representation of Asia-based investors initiating filing claims in the Swiss Courts against the Swiss Financial Market Supervisory Authority (FINMA). At the time, the firm was representing 60 investors spread across Asia under the leadership of directors Mahesh Rai and Benedict Teo.