Story perspectives

Law Firm Seeks $300M for Credit Suisse Bondholders

10/21/2025

Summary

Drew & Napier Fights

Drew & Napier, a Singapore law firm, pursues compensation for Asian holders of Credit Suisse's AT1 debt wiped out in 2023.
The firm plans to file claims against the Swiss government by end of 2025, starting with Japanese bondholders.
The firm will then include bondholders from Hong Kong and Singapore.
A Swiss court ruled the write-down unlawful, prompting about 560 bondholders to seek US$300 million, with Omni Bridgeway covering fees.

Summary

Singapore Government Assists

The Singapore government introduced a one-time $3267 Worker Benefit for 2025 to aid lower- and middle-income citizens amid rising living costs.
The measure provides immediate relief as inflation affects essential goods.
Eligibility is based on household income and CPF contributions, with applications available online or at community centers.
Singapore will reskill the workforce, focusing on AI and clean energy.
It will expand long-term support through Workfare Income Supplement and SkillsFuture programs.

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Drew & Napier Fights

Drew & Napier, a Singapore law firm, pursues compensation for Asian holders of Credit Suisse's AT1 debt wiped out in 2023.
The firm plans to file claims against the Swiss government by end of 2025, starting with Japanese bondholders.
The firm will then include bondholders from Hong Kong and Singapore.
A Swiss court ruled the write-down unlawful, prompting about 560 bondholders to seek US$300 million, with Omni Bridgeway covering fees.

1 / 2