Tag: bondholders
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U.S. Appeals Court Grants Switzerland Immunity in Credit Suisse-UBS Merger Case
A U.S. Appeals Court ruled Switzerland immune from liability for its role in the Credit Suisse-UBS merger. The court found Switzerland's actions did not meet the "commercial activity" exception under the Foreign Sovereign Immunities Act, dismissing a bondholder lawsuit.
BusinessPolitics and GovernmentLaw EnforcementEconomyBankingLegalFederal Government SwitzerlandCredit SuisseUBSU.S. Court of AppealsForeign Sovereign Immunities Actbank mergerbondholdersU.S. Library of Congress