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High Court holds in [2026] SGHC 202 that SGX-ST Mainboard Rule 877(10) requires non-restricted individuals' excess rights applications to be fully satisfied before restricted individuals receive any excess shares. Securities and Financial Instruments Law · JUDICIARY PINEAPPLE TART · ACT ON
SGFC holds in [2026] SGFC 130 that a wife whose own income exceeds her reasonable expenses is not entitled to interim maintenance under s 69(1) of the Women's Charter 1961 even if husband's means are disputed. Matrimonial Law · JUDICIARY $0.60 · FRESH
SGFC in [2026] SGFC 130 declines to draw adverse inference on hidden assets where allegations of sham documents and undisclosed trusts are not sufficiently proven. Matrimonial Law · JUDICIARY $0.60 · FRESH
High Court finds UOB grossly negligent and in breach of contractual duties to advise and exercise skill and care in [2026] SGHC 202. Banking Law · JUDICIARY $0.60 · FRESH
High Court clarifies in [2026] SGHC 201 that O 11 r 3(1) of the Rules of Court 2021 applies to production of specific documents referred to in pleadings or affidavits, while O 11 r 4 concerns the court's own-motion power. Civil Contract Law · JUDICIARY $0.60 · FRESH
Employment Claims Tribunal holds in [2026] SGECT 15 that constructive dismissal under s 2(1) of the Employment Act 1968 is established where employer conduct leaves employee with no practical option but resignation. Employment Law · JUDICIARY $0.60 · FRESH
Employment Claims Tribunal holds in [2026] SGECT 15 that absence of revised written contract does not prevent job scope expansion from forming valid basis for performance-based dismissal. Employment Contracts Law · JUDICIARY $0.60 · FRESH
MAS issues new guidelines on annual audits for payment service licence holders. Banking Law · SLW $0.60 · FRESH
Singapore and Lao PDR establish bilateral framework for Article 6 carbon credit transfers. Environmental, Social, and Governance Law · SLW $0.60 · FRESH
Application of the Ralli Brothers Rule to foreign sanctions in financial payments Banking Law · SLW $0.60 · FRESH

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01⬡ JUDGMENT

High Court holds in [2026] SGHC 202 that SGX-ST Mainboard Rule 877(10) requires non-restricted individuals' excess rights applications to be fully satisfied before restricted individuals receive any excess shares.

The court rejected UOB's "Success Rate" methodology and ruled that the "clear and obvious" meaning of r 877(10) mandates absolute priority for non-restricted individuals in excess rights allotments. Only a proposal giving 100% success rate to non-restricted individuals before any restricted individual allotment was compliant.

Why it mattersRights issue managers and listed issuers must ensure excess rights allotment structures give complete priority to non-restricted applicants, not merely proportional or partial priority.

JUDICIARY READ JUDGMENT ↗