Swiss Supreme Court Finalizes Credit Suisse Bonus Dispute, Upholding Government Cancellations
Switzerland’s Federal Supreme Court has definitively ruled that the government’s decision to strip bonuses from former Credit Suisse executives was lawful. The court overturned a lower court ruling that had favored the bankers, concluding that the massive state aid provided during the 2023 UBS takeover justified the cancellation of variable pay. This decision ends a multi-year legal battle and confirms that public interest in preventing taxpayer-funded bonuses outweighs contractual claims, even after the state aid was repaid.