In the Lehman Brothers-mandate, VISCHER has achieved another litigation success. The Zurich District Court has dismissed an action challenging the schedule of claims ("Kollokationsklage") of an important foreign investment bank in the amount of CHF 37 Mio. in the first instance. The proceedings were about alleged claims under US securities law in connection to futures Transactions.
The VISCHER team was led by Dr. Christian Oetiker (Dispute Resolution), Dr. Markus Guggenbühl and Dr. Jana Essebier (both Capital Markets), supported by the US law firm Venable. Respondent was represented by Homburger and Sullivan & Cromwell.