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Ousman Sonko - 1 Sonko - 1 Semenya - 1 ” Semenya - 1 “ - 1 ” - 1 Thomas Gottstein - 1 Ahmed Yosri - 1
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7 mentions found


☆ Swiss Court Convicts Ex-Gambian Minister of Crimes Against Humanity
  + stars: | 2024-05-15 | by ( Nick Cumming-Bruce | Ruth Maclean | ) www.nytimes.com   time to read: +1 min
A former interior minister and enforcer for a violent and autocratic Gambian president was convicted of crimes against humanity on Wednesday for the torture and executions of civilians and sentenced to 20 years in prison by Switzerland’s federal court. The verdict, which one plaintiff called a “milestone” for victims, came after a landmark trial that was followed closely by victims of the government’s repression. The former minister, Ousman Sonko, 55, was found guilty of multiple counts of intentional homicide, torture and false imprisonment that were committed, the court said, as “part of a systematic attack on the civilian population” of the West African country. His lawyer said he would appeal the verdict. The case was tried in Switzerland under the legal principle of universal jurisdiction, which allows states to prosecute serious crimes regardless of where in the world they were committed.
Persons: Ousman Sonko, Sonko Locations: West, Switzerland, Geneva, Gambia
☆ Caster Semenya wins European Court of Human Rights appeal over ‘discriminatory’ testosterone limit
  + stars: | 2023-07-11 | by ( Ben Morse | ) edition.cnn.com   time to read: +4 min
CNN —Caster Semenya, the South African Olympic champion runner, has won her appeal which she had submitted to the European Court of Human Rights (ECHR) to end “discriminatory” testosterone limits imposed on female athletes, the ECHR said on Tuesday. Semenya is hyperandrogenous – meaning she has naturally high levels of testosterone – and has been fighting against rules introduced in 2019 by World Athletics – track and field’s governing body – which regulates levels of the hormone in female athletes. A three-time 800m world champion, Semenya lost an appeal to the Court of Arbitration for Sport in April 2019. “The case was filed against the state of Switzerland, rather than World Athletics. It is difficult to estimate how many people have DSD traits – many live their entire lives without ever knowing they have one.
Persons: Semenya, ” Semenya, “, ” Organizations: CNN, South, European, of Human Rights, Sport, Federal, Switzerland’s, Swiss Federal, Swiss Government, Chamber, World Athletics Council Locations: Tokyo, Switzerland
☆ Three former Credit Suisse CEOs accused of excessive risk-taking -court filing
  + stars: | 2023-06-22 | by ( Industry Insight | How Law Firms Calculate Greenhouse Gas Emissions | Gayatri Joshi | ) www.reuters.com   time to read: +1 min
[1/3] Chief Executive Officer of Credit Suisse, Thomas Gottstein, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. REUTERS/Ahmed Yosri/File PhotoZURICH, June 22 (Reuters) - A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall. "Credit Suisse’s directors and senior executives, and the rotten culture they instilled and fostered, destroyed trust in the bank, which led to its collapse," the lawsuit said. The lawsuit also accused executives of "creating and perpetuating a culture at Credit Suisse that placed profits, excessive risk-taking, and self-dealing over sound risk management and compliance with the law." Last month, Switzerland’s Federal Administrative Court said it has received 230 claims against the country’s financial regulator FINMA after it wrote off the value of Credit Suisse’s AT1 bonds.
Persons: Thomas Gottstein, Ahmed Yosri, Tidjane Thiam, Brady Dougan, litigators, Noele, Tomasz Janowski Organizations: Credit Suisse, Investment, REUTERS, UBS, Court, Thomson Locations: Riyadh, Saudi Arabia, ZURICH, Swiss, New York, Switzerland’s Federal
☆ Credit Suisse braces for stormy shareholder meeting
  + stars: | 2023-04-04 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
London CNN —Credit Suisse is set for a turbulent annual shareholder meeting Tuesday, after its emergency rescue by UBS two weeks ago left investors nursing heavy losses. Credit Suisse (CS) shareholders are expected to vent their anger over the forced takeover of the ailing Swiss lender by its larger rival. Norges Bank Investment Management, a top 10 shareholder in Credit Suisse, said it would vote against the re-election of Credit Suisse chairman Axel Lehmann and six other directors. Last week Credit Suisse withdrew two proposals up for a shareholder vote from its AGM agenda, saying they were no longer necessary following the planned merger with UBS. He is seen as a safe pair of hands capable of integrating Credit Suisse and salvaging core parts of its business.
☆ UBS Credit Suisse rescue is messy but unstoppable
  + stars: | 2023-04-03 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 3 (Reuters Breakingviews) - Very few people seem to want UBS (UBSG.S) and Credit Suisse (CSGN.S) to merge, but it’s unlikely that anyone will stop it. Switzerland’s Federal Prosecutor has opened an investigation into the state-arranged deal, the office of the attorney general said on Sunday. Credit Suisse’s share price is just 3% below the level where it should be based on the deal terms. A Credit Suisse 2033 bond , which could be converted to equity and potentially wiped out in a resolution, trades with a 6.4% yield, compared with 13% before the rescue. The lower return implies a high likelihood that it will be absorbed by UBS through the merger.
☆ Swiss prosecutor investigates Credit Suisse takeover, Financial Times reports
  + stars: | 2023-04-02 | by ( ) www.reuters.com   time to read: +1 min
April 2 (Reuters) - Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse (CSGN.S) by UBS Group (UBSG.S), the Financial Times reported on Sunday. There were “numerous aspects of events around Credit Suisse” that warranted investigation and which needed to be analysed to “identify any crimes that could fall within the competence of the [prosecutor]”, the report added. Switzerland's federal prosecutor and Credit Suisse did not immediately respond to a Reuters request for comment. Last month, UBS acquired rival Credit Suisse in a deal worth 3 billion Swiss Francs ($3.3 billion). ($1 = 0.9148 Swiss francs)Reporting by Sneha Bhowmik in Bengaluru; Editing by David Goodman and David HolmesOur Standards: The Thomson Reuters Trust Principles.
☆ Swiss CoCo litigation may have a broader payoff
  + stars: | 2023-03-23 | by ( Neil Unmack | ) www.reuters.com   time to read: +4 min
LONDON, March 23 (Reuters Breakingviews) - Credit Suisse’s (CSGN.S) CoCos are shaping up to be the bondholder litigation case of the century. Investors are in uproar over the government’s decision to wipe out Credit Suisse’s Additional Tier 1 securities over the weekend, while preserving 3 billion Swiss francs for shareholders. They can argue that state support for Credit Suisse did not represent a viability event because the authorities injected liquidity but not capital. Credit Suisse’s AT1 bonds are currently trading at around 6% of par value, rather than the zero the Swiss authorities declared them to be worth. Some Credit Suisse AT1 bondholders are seeking legal advice.
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