Switzerland is currently defending itself in a New York court against a lawsuit brought by AT1 bondholders in relation to the collapse of Credit Suisse.

The case, which has been postponed, raises complex questions about jurisdiction and whether Switzerland can be held responsible.

The lawsuit is significant for bondholders who claim to have lost their investments due to the bank's failure. Legal experts are closely following the situation, particularly in terms of its implications for international finance and regulatory frameworks.