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UOB found ‘grossly negligent’ over Stamford Land rights issue advice, to pay S$1.9 million

Justice Dedar Singh Gill said UOB misread a listing rule and failed to check precedents, leading to S$1.9 million in legal costs.

Summary by Business Times
The High Court says the bank failed to exercise reasonable skill and care in advising the hospitality company Read more at The Business Times.

2 Articles

The Straits TimesThe Straits Times
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Stamford Land wins $1.9m claim against UOB for negligence

Stamford Land wins $1.9m claim as UOB found grossly negligent over non-compliant advice on excess shares allocation in 2021 rights issue. Read more at straitstimes.com.

·Singapore, Singapore
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Business TimesBusiness Times
Lean Right

UOB found ‘grossly negligent’ over Stamford Land rights issue advice, to pay S$1.9 million

The High Court says the bank failed to exercise reasonable skill and care in advising the hospitality company Read more at The Business Times.

·Singapore, Singapore
Read Full Article
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Business Times broke the news in Singapore, Singapore on Tuesday, September 29, 2026.
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