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Malaysia Wins Ruling Opening Door to Public 1MDB Proceedings (2)

Nov. 26, 2019, 2:38 PMUpdated: Nov. 26, 2019, 5:27 PM

Malaysia won a victory at a London court that will allow public hearings in a dispute between 1MDB and Abu Dhabi’s state investment fund in legal battle over how billions of dollars intended for Malaysia’s economic development was stolen.

Judges at the Court of Appeal in London on Tuesday backed Malaysia’s arguments that private arbitration proceedings were unsatisfactory because it meant the case would be determined without public scrutiny. The court also granted a temporary injunction halting a second round of arbitration sought by IPIC and its Aabar Investment unit against 1MDB.

“We are delighted by this outcome” which ensures ...