• Search

Clyde & Co hit with injunction over 1MDB allegations

Jack Ballantyne

12 August 2020

A subsidiary of Venezuela’s national oil and gas company PDVSA has obtained an English court injunction to prevent Clyde & Co from transferring US$340 million to a Saudi-owned client to comply with an UNCITRAL award – amid allegations linking the client to funds stolen from Malaysian sovereign wealth fund 1MDB.