Brief attached | Read full article » | Save toPetroSaudi Says $380M Award Feud Close To Resolution
By Caroline Simson
A PetroSaudi unit and the Biden administration are nearing a settlement to resolve a bitter dispute over the proceeds of a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds, which the government has been looking to seize for years, the parties said Monday.
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