,Legal counsels appointed to facilitate settlement talks for 1MDB’s asset recovery were not remunerated based on commissions, the board says. – The Malaysian Insight file pic, March 26, 2021.
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LEGAL counsels appointed to facilitate settlement negotiations for 1Malaysia Development Bhd’s (1MDB) asset recovery were not remunerated based on commissions, said the firm’s board of directors.
“These legal counsels are remunerated based on a pre-agreed time cost, and not based on commission or a percentage of the value of settlements, or assets recovered,” 1MDB’s board said in a statement today.