Jonathan William Glassberg v UBS AG, SINGAPORE BRANCH

[2025] SGHC(A) 13 High Court (Appellate Division) 22 August 2025 • AD/CA 5/2025 • 16 min read

1 cases cited

Catchwords

Tort — Vicarious liability Tort — Negligence — Causation Tort — Negligence — Duty of care Contract — Contractual terms — Construction Contract — Contractual terms — Unfair Contract Terms Act

Practice Areas

Tort Contract

Judges (3)

Ang Cheng Hock Coram Debbie Ong Siew Ling Coram Woo Bih Li Delivered

Counsel (10)

Drew & Napier LLC Firm Tham Lijing LLC Firm Yu Law Firm Ho Wei Wen Timothy Counsel Respondent Lim Siyang Lucas Counsel Respondent Rochelle Lim Counsel Appellant Teo Chun-wei Benedict Counsel Respondent Tham Feei Sy Counsel Respondent Tham Lijing Counsel Appellant Yu Kexin Counsel Appellant

Parties (2)

UBS AG, Singapore Branch Respondent Glassberg, Jonathan William Appellant

Summary

An experienced broker, Jonathan Glassberg, claimed against UBS for losses arising from a fraudulent investment fund recommended by his relationship manager. The Appellate Division dismissed the appeal, finding that contractual provisions including non-advisory and non-reliance clauses precluded UBS from owing any duty of care, and awarded UBS indemnity costs of $65,000.

Cases Cited (1)

SLR (1)

[2007] 4 SLR(R) 100

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC(A) 13)