M'sian govt gets London court nod in challenge against 1MDB-IPIC settlement

A London judge allowed the Malaysian government to proceed with a challenge against a previous settlement with an Abu Dhabi sovereign wealth fund regarding the 1MDB affair.

Bloomberg last night reported that judge Andrew Baker greenlighted an extension of time for the claim to be properly served so that the “unusual” case can be heard in full trial.

He ruled that Malaysian state-owned 1MDB could commence with the challenge against the 2017 consent award by a London Court of International Arbitration (LCIA) involving...