Global Investigations Review - The law and practice of international investigations

Malaysia's 1MDB wins appeal over challenge to LCIA settlement

By Jack Ballantyne

28 November 2019

Malaysia's 1MDB wins appeal over challenge to LCIA settlement

The Court of Appeal in London has ruled that Malaysian sovereign wealth fund 1MDB can proceed with an application to set aside an allegedly fraudulent US$5.8 billion settlement of an LCIA arbitration with an Abu Dhabi government-owned entity amid a scandal over misappropriated funds.