PETALING JAYA: The Malaysian Government will apply to the High Court in London for an order to set aside a US$5.78bil (RM24.16bil) consent award recorded in May last year by an arbitration tribunal sitting in London.
Attorney General Tommy Thomas said that they are confident they have a strong case in the arbitration between the International Petroleum Investment Company (IPIC) and Aabar Investments PJS, as claimants, and 1Malaysia Development Berhad (1MDB) and Minister of Finance Inc., as respondents.
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