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Credit Suisse moves English court in $440 million SoftBank dispute - FT

Channel News Asia LogoChannel News Asia3 mo ago

Credit Suisse moves English court in $440 million SoftBank dispute - FT

Quick Summary

(Corrects to add source in headline):Swiss lender Credit Suisse Group AG sought the English High Court last week to initiate formal legal proceedings against Japan's SoftBank Group Corp over a $440 million dispute, the Financial Times reported on Thursday.

Katerra subsequently filed for bankruptcy with more than $1 billion in liabilities.

Credit Suisse and SoftBank did not immediately respond to Reuters' requests for comments.Pressed for time?


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Credit Suisse moves English court in $440 million SoftBank dispute - FT - Channel News Asia (Picture 1)

News Analysis

Category: Nation Politics Asia

Topics: Corp Photo: Group Credit Logo Suisse Softbank File Mediacorp Katerra 2022

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: channelnewsasia.com

Readership Location: Singapore

Published Date: 2022-08-11, 13:22:22

News Timezone: GMT +8:00

Language: English

Original Article Length: 247 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1539089

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Channel News Asia Logo

Name: Channel News Asia

Main Topics: NationPoliticsAsia

Official Website: channelnewsasia.com

Update Frequency: 156 posts per day

Last Update: 1h ago

Headquarters: Singapore

Coverage Areas: Singapore

Publication Owner: Mixture (Government & Independent Company)

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