Sovereign wealth fund 1MDB is in talks with Deutsche Bank (Malaysia) Berhad to settle a lawsuit filed against the bank.

Its counsel, Lim Chee Wee, informed the Federal Court of the settlement talks during proceedings today before a three-member panel led by Chief Judge of Malaya Hashim Hamzah.

The panel, comprising Chief Judge of Sabah and Sarawak Azizah Nawawi and Federal Court judge Ravinthran N Paramaguru, was...

The panel, comprising Chief Judge of Sabah and Sarawak Azizah Nawawi and Federal Court judge Ravinthran N Paramaguru, was hearing 1MDB’s application for leave to appeal against a decision in favour of UK law firm White & Case LLP.