| Troubled Malaysian state investment vehicle 1Malaysia Development Berhad (1MDB) said on Friday (June 17) it plans a "robust response" to an Abu Dhabi sovereign wealth fund's move to seek US$6.5 billion (S$8.8 billion) via international arbitration of a debt dispute.
The Abu Dhabi fund, International Petroleum Investment Co (IPIC), said on Tuesday that it had submitted a request to the London Court of International Arbitration to intervene in the row. "1MDB will file a robust response to the RFA (request for arbitration)", 1MDB, or 1Malaysia Development Berhad, said in a brief statement...............................................Full Article: Source
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