Court case on DBS High Notes - legal fees

In passing the judgement on the DBS High Notes case, the judge indicated that he will be giving a ruling on cost at a later date. This ruling will determine how much of the legal cost incurred by DBS will have to be paid by the investors.

It will be honorable for DBS to bear its own legal cost entirely and to ask the judge not to pass the cost to the investors. After all, the investors had lost a lot of their savings by investing in the High Notes that were created by DBS and marketed by DBS. If DBS does not make this request, I hope that the judge will decide that each party should bear its own cost, in the light of the circumstances.

Tan Kin Lian