- News -

Class action for (ex) Credit Suisse shareholders

The mission of the SWISS ASSOCIATION FOR THE DEFENSE OF SHAREHOLDERS (ASDA) is to protect shareholders of Swiss companies whose rights have been infringed

7 billion

Value of Credit Suisse at the close of trading on March 17, 2023

3 billion

Acquisition of Credit Suisse
by UBS on March 19, 2023

34 billion

Valuation of Credit Suisse
by UBS in May 2023

An unprecedented situation

Over 10 billion Swiss francs in fines and over 30 billion in bonuses, and countless scandals: poor management; loss of customer and depositor confidence; wave of massive withdrawals in a record time.

Foreseeable legal actions

In order to seek legal review of the merger of Credit Suisse with UBS, which took place in an unprecedented context, several legal avenues are open to shareholders.

Against the Board of Directors

The results are likely to be paid back to the bank itself, and not to shareholders

Swiss Financial Market Supervisory Authority FINMA

Actions considered to have little chance of success, given the right of emergency used by the Federal Council

Have the share exchange ratio checked

ART. 105 MerA
This provision enables shareholders who consider themselves to have been adversely affected by the merger to apply to the courts to have the exchange ratio between Credit Suisse and UBS shares reviewed by an independent expert.

Join the action

Liability action against the Swiss Confederation

Statute of limitation: three years, this action will depend on the outcome of the action to control the exchange ratio pursuant to art. 105 MerA. 105 MerA

Defend your rights

Join the Swiss Association for the Defense of Shareholders (ASDA), led by three Geneva law firms, in coordination with a Zurich law firm, who have brought an action before the Zurich Commercial Court.