Credit Suisse action

Art. 105 of the Swiss Federal Act on Mergers

For this action, the legal costs are calculated on the basis of the entire share capital of the absorbed company. In our case: between a minimum of 3 billion Swiss francs and a maximum of 30 billion Swiss francs.

Except for a few very wealthy shareholders, these costs, plus legal fees, make the possibility of such a legal action illusory.

However, the class action mechanism allows participants to benefit from the advantages of a single action filed by one model shareholder, without incurring the risks.

Only the “model shareholder” claimant is subject to this risk, since he or she is the only one to have filed the action.

An unprecedented and judicially exceptional situation

Under certain conditions, the “model shareholder” is entitled to allow other shareholders to benefit from his action.

Three Geneva law firms, in collaboration with one Zurich law firm, brought an action before the Zurich Commercial Court.

In response to strong demand from (ex-) Credit Suisse shareholders who have not yet taken part in such an operation, ASDA has decided to open up the possibility of joining this action to other shareholders.

Financial terms of participation

To participate, you had to hold Credit Suisse ordinary shares (ISIN CH0012138530) or Credit Suisse American Depositary Shares (ADS, ISIN US2254011081) when the Swiss stock exchange closed, prior to the merger decision, i.e. on March 17, 2023 at 5:30 pm.

Variant 1

CHF 190.- to cover administrative costs ;
CHF 0,05 per Crédit Suisse share up to 100’000 shares (above this amount, please contact ASDA);
20% on any form of compensation or gain per share resulting from proceedings or negotiations.