Malaysian Development Firm Formally Responds To Request For LCIA Arbitration

(July 12, 2016, 12:37 PM EDT) -- LONDON - A Malaysian development firm named as a respondent in a case filed by a petroleum firm with the London Court of International Arbitration (LCIA) on July 11 said it has filed its formal response, agreeing to the request for arbitration.

Request

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)...
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