Malaysia's appeal at London Court over 1MDB issue succeeds

PETALING JAYA: The Malaysian government has succeeded in its appeal against the London Court's decision to delay its legal challenge to nullify a consent award involving 1MDB, the Minister of Finance Incorporated (Mofi) and two Abu Dhabi-based companies as part of its efforts to recover US$3.5bil (RM14.68bil).

Attorney General Tan Sri Tommy Thomas (pic) said that the Court of Appeal in London overturned a decision of the High Court of England, which had stopped a court application by 1MDB and Mofi to set aside a consent award entered by former premier Datuk Seri Najib Razak's administration with the Abu Dhabi entities – International Petroleum Investment Company (Ipic) and Aabar Investments PJS.