Investment Banking

UK High Court judge slams Credit Suisse

Swiss bank has its knuckles rapped even as it wins a lawsuit related to a 2008 oilfield deal in Azerbaijan

UK High Court judge slams Credit Suisse

A UK high court judge has slammed Credit Suisse for the way it advised and financed a Georgian businessman client in the lead up to the financial crisis, even as the Swiss bank won a lawsuit.

Justice Peter Smith dismissed the claim bought by Rosserlane and Swinbrook, companies run by Zaur Leshkasheli, a former diplomat, which alleged that the Swiss bank's M&A team had acted unlawfully when selling his interest in an oilfield in Azerbaijan.

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