Law firms Slaughter and May, along with Peters & Peters, have advised on an out-of-court settlement between Credit Suisse and Mozambique, pertaining to the decade-old $1.5 billion ‘tuna bonds’ scandal. This long-standing dispute has had severe consequences for Mozambique, one of Africa’s poorest countries, precipitating a deep financial crisis.
The announcement of the settlement was communicated by UBS, the owner of the Swiss bank, on Sunday. This occurred just around the corner of the highly anticipated trial which was slated to open in London’s High Court on Monday, October 2.
For more detailed information regarding the case and the settlement, consider visiting the original article here.