Govt to appeal London court’s decision

PETALING JAYA: The Malaysian government has filed an application to appeal against the London Commercial Court’s decision to delay its legal challenge to nullify a consent award involving 1MDB, the Minister of Finance Incorporated (MoF Inc) and two Abu Dhabi-based companies as part of its efforts to recover US$3.5bil (RM14.68bil).Attorney General Tommy Thomas said the London Commercial Court wanted an ongoing parallel arbitration proceedings between the companies involved to be resolved first.

“The related arbitration proceedings will now move forward in London but under the court’s supervision.