AXA Can't Extend Questioning Of Ex-Goldman Exec On 1MDB

Law360, London (June 4, 2021, 3:43 PM BST) -- AXA lost a bid on Friday to extend its cross-examination of a former Goldman Sachs executive about criminal charges against him in Malaysia over the 1MDB scandal, as a judge capped the length of the upcoming trial on an insurance payout.

Lionel Persey QC, sitting as a judge of the High Court, said on Friday that a commercial trial to establish whether AXA Insurance UK PLC is obliged to hand over £3 million ($4.2 million) to Berkshire Assets (West London) Ltd. for damage to an apartment block in London will go ahead. The trial, due to last three and a half...

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