| 1Malaysia Development Bhd (1MDB) said it has agreed today to the request for arbitration (RFA) filed by International Petroleum Investment Co (IPIC) and Aabar Investments PJS (Aabar) at the London Court of International Arbitration.
In a statement, 1MDB said it is confident of its legal position and has submitted a formal and "robust" response to the RFA through its legal counsel, Weil Gotshal & Manges, a specialist in international litigation. "1MDB reiterates that, notwithstanding the dispute with IPIC, it will continue to implement the rationalisation plan and remains able to honour its current debt obligations," it added...............................................Full Article: Source
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