1MDB's reply in their press release, among others,
"Consequently, as of the time of this statement, the Issuer understands IPIC has not paid the interest."Look's as though it's headed for the courts unless matters are resolved.
The ramifications are indeed serious in this article by AsiaOne Business.
The interest due has to be paid but by whom?
Will the courts of London or Kuala Lumpur decide should the dispute become a legal recourse?