1MDB seeks leave of Federal Court to reinstate White & Case suit
State investor challenges ruling that High Court has no jurisdiction to hear US$1.86 billion claim against UK law firm.
The 1MDB fund has filed a request with the Federal Court to take another look at its lawsuit against UK law firm White & Case. The case involves allegations of fraud and conspiracy totalling US$1.83 billion related to PetroSaudi International Ltd. The decision to appeal was made after the Court of Appeal dismissed the initial suit, stating that the High Court did not have jurisdiction to hear it.
1MDB's legal team argues that the Court of Appeal's ruling was based on jurisdictional defects that could not be corrected retrospectively. The suit, filed in the Kuala Lumpur High Court, claims that White & Case aided PetroSaudi in committing fraud during two corporate transactions in 2009 and 2010. The High Court had previously ruled that Malaysia was the appropriate venue for the dispute, citing it as the "centre of gravity" of the case.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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