KUALA LUMPUR - A Paris court has upheld the Malaysian government's challenge against enforcing a partial award to the heirs of a former sultan who won US$15 billion (S$20 billion) in an arbitration over a colonial-era land deal, Malaysia said late on Tuesday (June 6). The win for Malaysia implies the final award will be annulled and the descendants' efforts...
KUALA LUMPUR - A Paris court has upheld the Malaysian government's challenge against enforcing a partial award to the heirs of a former sultan who won US$15 billion in an arbitration over a colonial-era land deal, Malaysia said late on Tuesday .
"This decision, which is final and binding, is a decisive victory for Malaysia in its ongoing pursuit of legal remedies, which Malaysia is confident will result in comprehensive defeat for the claimants and their funders," said Law Minister Azalina Othman Said.The Filipino heirs of the last Sultan of Sulu won a $14.9 billion award in a French arbitration court last year in a long-running dispute over the deal, after a partial award was first issued in May 2020.
Malaysia, which did not participate in the arbitration, maintains the process is illegal and has vowed to use all legal measures to prevent seizure. Independent Malaysia paid a token sum annually to the sultan's heirs to honour the agreement but stopped in 2013, after supporters of the former sultanate launched a bloody incursion to reclaim land from Malaysia.
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