Qatar Considers Suing Switzerland Over Credit Suisse

According to "Reuters," sources within the Qatar Investment Authority have indicated that it is considering filing a compensation lawsuit against the Swiss authorities for losses incurred from the Credit Suisse bailout. This comes as legal challenges to the government-backed rescue plan are increasing. The sources revealed that the Qatari sovereign wealth fund has sought legal advice on whether it has the right to demand compensation from the Swiss authorities, potentially through international arbitration, following the forced sale of Credit Suisse to UBS for a price significantly below its market value. This marks the first time the $475 billion sovereign wealth fund has explored its available legal options. "Reuters" calculations suggest that the Qatar Investment Authority is expected to lose about $330 million from its stake in Credit Suisse as a result of the sale to UBS.