Omni Bridgeway to fund claims against Swiss Confederation over Credit Suisse/UBS merger

Law firm Allen & Overy and funder Omni Bridgeway are working on a proposed investor-state arbitration group action by holders of CS AT1 Bonds (Bondholders) against the Swiss Confederation to claim compensation for the losses incurred as a result of the March 2023 merger of Credit Suisse and UBS.

Omni Bridgeway has agreed to provide disputes funding to Bondholders to cover the fees and disbursements of Allen & Overy, which will conduct the group action against Switzerland. The funding to be provided is subject to the number of Bondholders who sign-up to participate in the action and the related estimated value of the losses of the Bondholders.