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High Court dismisses Stanley Tan's S$34m claim against UBS

Judge rules that the bank acted on his instructions when it terminated accumulators

Published Fri, Feb 12, 2016 · 09:50 PM

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.

The original sum of S$130 million incl…

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