PetroSaudi Can't Tap 1MDB-Linked Funds Held By UK Law Firm

Law360, London (February 26, 2021, 5:19 PM GMT) -- A London court blocked a Saudi oil company from getting access to $325 million allegedly connected to the 1MDB scandal, ruling Friday that allowing it to dip into the pot held by Clyde & Co would expose the law firm to the risk of U.S. prosecution.

A High Court judge has ruled that there would be a risk of criminal prosecution by the U.S. Department of Justice if Clyde & Co handed over the money. (Peter Dazeley/Getty Images) Judge Robert Miles concluded in a ruling at the High Court that there would be a risk of criminal prosecution by the U.S. Department...

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