Credit Suisse Shareholder Says Override of Vote ‘Unprecedented’
Government used emergency laws to block shareholder vote
- The manner in which the sale was rushed through has tarnished the country’s reputation as a place where the rule of law is guaranteed for investors.
Swiss Finance Minister Karin Keller-Sutter said the government-brokered deal it put together was necessary to prevent a complete implosion of Credit Suisse, which could have forced the government to take the politically unpopular step of bailing the bank out.
Bloomberg 21 March 2023
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