Azalina: Sulu heirs’ US$14.9b claim ends with Malaysia’s French court victory today

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

KUALA LUMPUR, June 6 — The purported Sulu sultanate’s heirs may no longer legally pursue their claim for US$14.9 billion in compensation over Sabah following Malaysia’s...

KUALA LUMPUR, June 6 — The purported Sulu sultanate’s heirs may no longer legally pursue their claim for US$14.9 billion in compensation over Sabah following Malaysia’s landmark court victory in France today, according to Datuk Seri Azalina Othman Said.

Azalina said Malaysia’s victory at the Paris Court of Appeal in France today will ultimately mean that the Sulu claimants’ US$14.9 billion compensation award from an arbitration cannot be enforced against Malaysia. “Malaysia trusts that today’s decision of the Paris Court of Appeal will put an end to the efforts of the claimants and their funder, Therium, to enforce the unlawful awards and thereby extract windfall damages from Malaysia,” the minister in the Prime Minister’s Department in charge of law and institutional reform said in a statement today.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

Malaysia wins court battle over Sulu heirs’ US$15bil awardThe Paris Court of Appeal rules arbitration court that ordered payment to the so-called Sulu heirs did not have jurisdiction in the case.
Source: fmtoday - 🏆 5. / 72 Read more »

Malaysia wins battle to set aside Sulu heirs award | The Malaysian InsightMalaysia wins battle to set aside Sulu heirs award
Source: msianinsight - 🏆 8. / 63 Read more »