KUALA LUMPUR – The Attorney-General’s Chambers (AGC) filed a reply to the London Court of International Arbitration (LCIA) yesterday in response to a request for arbitration involving the settlement between the government, 1Malaysia Development Bhd, and Goldman Sachs Group Inc (Goldman Sachs).
In a statement yesterday, the AGC said a copy of the reply was sent to Goldman Sachs.
According to Article 2.1 of the LCIA regulation, the government must respond to the LCIA court registrar within 28 days from the date of the application for the arbitration to be filed.
“On October 11, 2023, Goldman Sachs named the government of Malaysia as the respondent in an arbitration application that was filed with LCIA.
“The application (arbitration) was to seek specific relief arising from the agreement dated August 18, 2020, that was agreed upon between the government of Malaysia, 1Malaysia Development Bhd, and Goldman Sachs,” said the statement.
The AGC, in its statement, added that the chambers is always committed to protecting the interests of the country throughout the proceedings of the arbitration filed by Goldman Sachs. – November 9, 2023