Malaysia wins court battle over Sulu heirs’ US$15bil award

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Malaysia wins court battle over Sulu heirs’ US$15bil award FMTNews

The Paris Court of Appeal’s decision will likely cancel an award of about US$15 billion over territorial claims related to Sabah.

PARIS: Malaysia has won a legal battle in France that will likely cancel an award of about US$15 billion over territorial claims related to Sabah. The Paris Court of Appeal ruled on Tuesday that the arbitration court that ordered Malaysia to make the payment to the so-called heirs of Sulu, the erstwhile rulers of the region, did not have jurisdiction in the case.

The dispute is linked to the Sulu heirs’ years-long claims to Sabah. The then-sultanate had leased Sabah to a British company in 1878 and the Borneo state was later absorbed into Malaysia. The Sulu sultanate ruled the islands in the Sulu Archipelago, which are part of Mindanao in today’s Philippines.

A French arbitration court last year ordered Malaysia to pay the Sulu descendants over their claim. The government filed an application to cancel the award in Paris, while a Luxembourg court set aside the legal action payment, Malaysia said in January.Subscribe to our newsletter and get news delivered to your mailbox.

 

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Paris Court of Appeal favours Malaysia, sets aside award to Sulu heirsKOTA KINABALU: Malaysia has won the battle to set aside a Paris Arbitration Court's purported award of US$14.94bil to the self-claimed heirs of the defunct Sulu Sultanate.
Source: staronline - 🏆 4. / 75 Read more »