Credit Suisse AT1 bond crisis: Withers forms global team to support affected Indonesian investors
Credit Suisse AT1 bond crisis: Withers forms global team to support ... Lexology
sdgtalks
A Global Crisis with Substantial Impact in Asia
Since the Swiss authorities made the unprecedented move to write down Credit Suisse AT1 bonds, several regulators from key financial hubs including the Bank of England and European Central Banking Authority have issued statements to publicly affirm investors’ legitimate expectations that equity instruments would be the first to absorb losses before any AT1 bonds would be written down. The Credit Suisse AT1 bond write down has far-reaching impacts across the world including in Asia.
Options for Indonesian Investors
Many Credit Suisse AT1 bondholders are exploring potential claims against the Swiss government under investment treaties that Switzerland has with other countries. While Indonesia does not have in force a bilateral investment treaty, economic partnership agreement or free trade agreement with Switzerland that could form the basis of an investment treaty claim for Indonesian investors, Indonesian bondholders could have access to investment treaties of other countries in certain circumstances such as where bondholders can be characterised as having the right of permanent residence of a different country or where bonds are held through offshore entities. We have a team who can assess your qualifying investor status.
Cross Border Solutions
We have a specialist team with substantial public international law and investor state arbitration experience working with clients to assist them in charting a course through the difficulties and confusion arising from this black swan event at the epicentre of the global banking crisis. It is important that you have the opportunity to develop a cross border strategy tailored to your individual circumstances.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries | No specific indicators mentioned in the article |
| SDG 10: Reduced Inequalities | 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 percent of the population at a rate higher than the national average | No specific indicators mentioned in the article |
| SDG 16: Peace, Justice, and Strong Institutions | 16.3: Promote the rule of law at the national and international levels and ensure equal access to justice for all | No specific indicators mentioned in the article |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
The issues highlighted in the article are connected to SDG 8: Decent Work and Economic Growth, SDG 10: Reduced Inequalities, and SDG 16: Peace, Justice, and Strong Institutions.
2. What specific targets under those SDGs can be identified based on the article’s content?
Based on the article’s content, the specific targets that can be identified are:
- Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries
- Target 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 percent of the population at a rate higher than the national average
- Target 16.3: Promote the rule of law at the national and international levels and ensure equal access to justice for all
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets.
4. SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries | No specific indicators mentioned in the article |
| SDG 10: Reduced Inequalities | 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 percent of the population at a rate higher than the national average | No specific indicators mentioned in the article |
| SDG 16: Peace, Justice, and Strong Institutions | 16.3: Promote the rule of law at the national and international levels and ensure equal access to justice for all | No specific indicators mentioned in the article |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: lexology.com
Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.
