Malaysia wins ruling, opens door to public 1MDB proceedings


LONDON: Malaysia won a victory at a London court that will allow public hearings in a dispute between 1MDB and Abu Dhabi’s state investment fund in legal battle over how billions of dollars intended for Malaysia’s economic development was stolen.

Judges at the Court of Appeal in London on Tuesday backed Malaysia’s arguments that private arbitration proceedings were unsatisfactory because it meant the case would be determined without public scrutiny.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

1MDB , Najib , Court of Appeal , London , Commercial Court

   

Next In Business News

Oil edges up on US fuel demand expectations ahead of OPEC+ meeting
MPHB Capital gets privatisation offer at RM1.70 per share
PM Anwar: Ringgit at a good level after fine first-quarter growth
E&O's net profit soars to RM133.61mil in FY24
Asia shares nudge higher, dollar eases as ECB comments lift risk appetite
AirAsia wins top low-cost carrier in Asia 2024 award
Sime Darby Plantation rebrands to SD Guthrie
UUE Holdings targets RM30mil from upcoming IPO
Govt to commit RM100mil to foster innovation in Islamic finance - PM
FGV to prioritise yield enhancement activities in plantations

Others Also Read