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PetroSaudi Says $380M Award Remains Off-Limits To US

By Caroline Simson ( July 19, 2022, 7:41 PM EDT) -- A PetroSaudi unit Monday rebutted the U.S. government's argument that a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Bhd. funds has been moved within its reach, telling the Ninth Circuit that the money is still protected under sovereign immunity....

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