Credit Suisse AT1 Dispute in Asia Draws Attention of Legal Funds

A potential dispute over the wipeout of Credit Suisse Group AG’s riskiest bonds in Asia has drawn the attention of several funds experienced in financing lawsuits for retail investors.

Burford Capital Ltd., which says it is the world’s biggest provider of commercial legal finance, is tracking the development as law firms rally aggrieved bondholders.

Earlier this week, a group of more than 60 holders in Asia fileda claim against Switzerland’s banking regulator over the decision to write down about 16 billion Swiss francs ($18.1 billion) of additional tier-one notes. The appeal from wealthy investors in the region ...