Depositors who are not covered by the deposit guarantee scheme should seek legal advice and obtain timely information on possible courses of action. This firstly includes precautionary insolvency law advice. Furthermore, the depositors concerned should seek advice on possible rights of recourse and how to enforce them in court.
Depending on the facts of the case, it might also be possible to assert claims against financial brokers if they recommended a deposit with Greensill Bank AG at a time when it was already apparent that such a deposit would involve an increased amount of risk. Another option could be for depositors to take action against rating agencies whose ratings might have induced the depositors to make a deposit in the belief that it was safe.
In conclusion, depositors should obtain advice on the various courses of action available to them, taking into account the circumstances of the individual case, and thereby seek protection of their deposits as effectively as possible.