Singapore bondholders prepare to sue Switzerland over Credit Suisse

At least 80 Credit Suisse investors in Singapore are in talks to sue the Swiss government over its decision to write down $17bn of Credit Suisse bonds on the grounds it violates a free trade agreement.

The bondholders are preparing to argue that the move breached protections against unfair state actions under the Singapore-European Free Trade Association signed with Switzerland in 2003, according to law firm Wilmer Hale, which is in talks with investors.