Finma and UBS are preparing to defend their actions regarding the Credit Suisse takeover in response to ongoing complaints, with the case now pending before the Federal Administrative Court.

The regulatory authority is expected to argue that the takeover was in the public interest, particularly amid widespread concerns about financial stability in March 2023, which prompted urgent communications from major financial centers including Washington, London, Paris, and Berlin.

Plaintiffs contest the necessity of the UBS acquisition, citing Credit Suisse's capital and liquidity position at the time. However, should the court uphold Finma's ruling as lawful, it is anticipated that creditors affected by the state-ordered expropriation will be entitled to compensation. This development highlights the ongoing scrutiny of regulatory decisions in the wake of significant market disruptions.