Malaysian Development Company Says It Will Respond To LCIA Case

(June 20, 2016, 1:07 PM EDT) -- LONDON — A Malaysian development firm named as a respondent in a London arbitration case announced on June 17 that it will respond to the claims and said that it has hired representation.

Request For Arbitration

On June 13, International Petroleum Investment Co. PJSC (IPIC) and Aabar Investments PJS said in a news release that they submitted a request for arbitration to the London Court of International Arbitration (LCIA). The IPIC and Aabar allege that 1Malaysia Development Berhad (1MDB) and Minister of Finance Inc. Malaysia (MOF)...
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