High Court dismisses Stanley Tan's S$34m claim against UBS
Judge rules that the bank acted on his instructions when it terminated accumulators
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Singapore
THE High Court has dismissed the lawsuit filed by Global Yellow Pages' chief executive seeking damages of almost S$34 million from Swiss banking giant UBS, following a 15-day hearing in April and May last year.
In February 2013, plaintiff Stanley Tan had originally taken defendant UBS to court to seek compensation of more than S$130 million - to cover losses that he incurred during the 2008 financial crisis.
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