1MDB and Ministry of Finance Incorporated (MOF Inc) have five business days to "remedy" the failure to pay Abu Dhabi's International Petroleum Investment Company PJSC (IPIC) and its subsidiary Aabar Investments PJS (Aabar).

In a filing to the London Stock Exchange today, IPIC that this was outlined in the settlement between the company and 1MDB on May 11, 2017.

"Under the settlement, there is a five business day cure period for MOF Inc and 1MDB to remedy their non-payment before MOF Inc and 1MDB become subject to additional obligations to IPIC and Aabar," said the company.