UBS settles out of court with Australian insurer IAG in the Credit Suisse Greensill lawsuit
According to Handelsblatt, Credit Suisse withdrew its lawsuit against Australian insurer IAG and settled out of court. The settlement occurred just days before a Sydney court was to issue a ruling.
Key facts
- 01Credit Suisse withdrew its lawsuit against IAG.
- 02The parties settled out of court.
- 03The timing was just days before a Sydney court was due to rule.
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