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Ownership Limbo Spurs Stay Bid In $380M PetroSaudi Fight

Ownership Limbo Spurs Stay Bid In $380M PetroSaudi Fight

A PetroSaudi unit has urged a California federal court to continue its stay in litigation by the U.S. government over a $380 million arbitral award purportedly tied to funds embezzled from Malaysia, saying company control remains in limbo in the Cayman Islands and Barbados.

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