An unlikely arbitration case ends with Malaysia owing $15bn (PHP837.9 billion) to the heirs of a long-ago Filipino sultan.
PGC7AM Sultan of Sulu with others 9 24 1910
Until now. In February, a Spanish arbitrator in Paris ordered the government of Malaysia to pay $15bn to eight descendants of Kiram II. It is the second-largest arbitration award ever. Malaysia has appealed against the decision, but its effects are already being felt. Last month a court in Luxembourg seized assets owned by Petronas, Malaysia’s state oil firm . The news has provoked outrage in Malaysia, where an election is expected to be called soon.
In 2013 Malaysia cut off the payments to the heirs after a relative, declaring himself to be the true sultan of Sulu, staged aof Sabah in which 60 people died. Claiming breach of contract, the heirs warned of impending legal action. Malaysia ignored them for two years and later boycotted hearings in Europe, allowing the claimants’ lawyers to advance arguments unchallenged.
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