Litigation Funder Fights Petronas as Royal Heirs’ $15 Billion Victory Unravels

Litigation funder Therium Capital Management Ltd. is fighting a lawsuit alleging that it played a “central role” in a cross-continent conspiracy to get a $14.9 billion arbitration payout from Malaysia.

Therium has asked a Channel Islands court to reject the claims brought by Malaysian state-owned oil and gas firm Petroliam Nasional Bhd., which accused it of conspiring with descendants of a defunct sultanate and their lawyers.