Peters & Peters leads on global defence strategy for high profile Middle Eastern client linked to 1MDB Fund
We represent a high profile client in the Middle East, linked to the widely reported international investigation into the alleged misappropriation of assets from the Malaysian 1MDB sovereign wealth fund.
It has been reported that investigations are being conducted by a multitude of regulatory and law enforcement agencies in various jurisdictions, which include Switzerland, Luxembourg, the US, Malaysia, Singapore, Hong Kong, Abu Dhabi and the United Kingdom. We advise on issues relating to the freezing of bank accounts, seizure of assets, money laundering, mutual legal assistance requests, and extradition concerns.
Peters & Peters acts as primary legal advisor and the coordinator on global defence strategy. In this role, we manage an international team of law firms to conduct risk analyses and determine strategies for managing responses to investigations in each jurisdiction, whilst also managing significant reputational issues for the client.