SASV's Interim Success in Lawsuit Against UBS

The Commercial Court in Zurich has ordered an expert opinion on Credit Suisse's going concern value as of March 19, 2023, marking a significant interim victory for former Credit Suisse shareholders. This decision opposes UBS's claim that Credit Suisse was "worthless" at that time. UBS CEO Sergio Ermotti publicly contradicted UBS's position, stating that Credit Suisse could have been liquidated without financial loss, suggesting its viability.

The court's ruling requires UBS to release internal documents, including valuations and business plans related to Credit Suisse. These documents must be submitted by July 14, 2025, unless UBS provides a valid refusal reason. This step indicates the court's intention to independently assess the situation rather than rely solely on the parties' claims.