London | Credit Suisse has not given up on using the courts to extract $US1.2 billion ($1.6 billion) in Greensill-related debts owed by a trio of companies including metals magnate Sanjeev Gupta’s GFG Alliance, saying it was still pursuing both “consensual restructuring” and “legal enforcement”.
The Swiss giant also revealed that it is about to pay out another $US750 million to out-of-pocket investors in the $US10 billion supply-chain finance funds that were shuttered after Greensill Capital collapsed in early March.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
