In 2025, Lok Vi Ming SC, Qabir Sandhu, and Clara Lim successfully resisted claims brought against our client – a relationship manager with a major Swiss bank in Lee Hsueh Ching & Anor v Loh Kia Hui [2025] SGHC 258.
The claimants had alleged that their former relationship manager had negligently failed to monitor and inform them of share price movements following the sale of their stock holdings. They asserted that the RM owed them a tortious duty of care that went beyond the bank’s contractual terms, and that losses resulted from missed opportunities due to alleged monitoring failures.
On the evidence, the High Court found that while the RM may have encouraged the sale of shares, the claimed duty of care extending to personalised trading advice and ongoing monitoring was not established. The Court confirmed that (i) no legal proximity existed to support the expanded duty of care; (ii) the key promises alleged by the claimants were not made in the terms pleaded; and (iii) the evidence did not support a causal link between any assumed responsibility and the alleged loss.
A third-party indemnity claim against the bank was also dismissed, and costs were awarded on an indemnity basis for successfully defending the claim.
The link to the Court’s full judgment is here.
Lawyers
Lok Vi Ming, S.C.
Managing Director
Private: Qabir Singh Sandhu
Associate Director