Overview

• Lord Justice Robert Miles dismissed the case, writing that SoftBank did not know or suspect the transactions were intended to prejudice Credit Suisse.
• The dispute focused on a restructuring tied to Katerra in which Credit Suisse alleged Greensill swapped debt claims for shares benefiting a SoftBank entity.
• The court found SoftBank acted to protect its commercial interests and did not orchestrate improper transactions or impose terms on Greensill.
• SoftBank said the ruling fully vindicates the company and called the allegations a baseless attempt to redirect blame.
• UBS, which represents the CS Fund after rescuing Credit Suisse, said it is reviewing the judgment and assessing next steps as broader Greensill recovery efforts continue.