Malaysia's 1MDB wins appeal over challenge to LCIA settlement
Former Malaysian prime minister Najib Razak is accused of embezzling 1MDB funds and approving a damaging LCIA settlement (Credit: wikipedia.org)
The Court of Appeal in London has ruled that Malaysian sovereign wealth fund 1MDB can proceed with an application to set aside an allegedly fraudulent settlement of an LCIA arbitration with an Abu Dhabi government-owned entity amid a scandal over billions of dollars in misappropriated funds.
To read more
Subscribe to Global Arbitration Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Arbitration Review experts.
Subscribe now