The Appeals Court had annulled the Paris Arbitration Court's purported award of US$14.94bil to the party claiming to be the heirs of Sultan Jamalul Kiram II .
"The decision means that the claimants cannot rely on the sham award in France for any purpose. The Paris Court of Appeal found that the arbitrator wrongly upheld his jurisdiction," she added in a statement Tuesday . The decision, which is final and binding, is a decisive victory for Malaysia in its ongoing pursuit of legal remedies, which will result in comprehensive defeat for the claimants and their funders.
Malaysia then challenged the arbitration order in France and Spain. A French court granted a stay order on the award, pending a decision on Malaysia’s claim that the order infringed its sovereignty over Sabah.
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