Lawyers don’t get commissions for recovering 1MDB assets, says board

The state investment fund 1MDB said lawyers helping in its lawsuits and to recover its allegedly misappropriated assets do not earn a commission based on the amount recovered, contrary to what some parties have claimed.

“These legal counsels are remunerated based on a pre-agreed time cost, and not based on commission or a percentage of the value of settlements, or assets recovered...