Malaysian Assets At Risk Globally As Late Sulu Sultan S Heirs Claim Us 15 Billion Award



The heirs of a 19th century sultanate are seeking to seize Malaysian government assets around the world in a bid to enforce a US$14.9 billion arbitration award they won against the Southeast Asian nation, despite a stay on the case handed by a French court, their lawyers told Reuters.
(MSN) – A French arbitration court in February ordered Malaysia to pay the sum to the descendents of the last sultan of Sulu to settle a dispute over a colonial-era land deal.

The government said last Wednesday the Paris Court of Appeal had stayed the ruling, after finding that enforcement of the award could infringe the country’s sovereignty.
Law minister Wan Junaidi Tuanku Jaafar said the stay would prevent the award from being enforced as Malaysia works to set aside the ruling. Malaysia had not previously participated in the arbitration.
Lawyers for the claimants, however, say the February ruling remains legally enforceable outside France through the New York Convention, a UN treaty on international arbitration recognised in 170 countries.
“The ‘stay’ that seems to comfort the Malaysian government temporarily delays local enforcement in one country, France itself,” said Paul Cohen, the heirs’ lead co-counsel, of London-based law firm 4-5 Gray’s Inn Square.
“It does not apply to the other 169.”
With some exceptions, such as diplomatic premises, any Malaysian government-owned asset within nations party to the UN convention is eligible for the purposes of enforcing the award, said Elisabeth Mason, another lawyer for the heirs.
Wan Junaidi declined to comment when contacted.
Petronas assets held
The heirs claim to be successors-in-interest to the last sultan of Sulu, who entered a deal in 1878 with a British trading company for the exploitation of resources in territory under his control – including what is now the oil-rich state of Sabah.
Malaysia took over the arrangement after independence from Britain, annually paying a token sum to the heirs, who are Philippine nationals.
But the payments were stopped in 2013, with Malaysia arguing that no one else had a right over Sabah, which was part of its territory.
The claimants last week moved to seize two Luxembourg-based units of state oil firm Petronas as part of efforts to enforce the award.
Petronas, which has described the seizure as “baseless”, has said it will defend its legal position, adding that the units have divested their assets.
Lawyers for the heirs said the units were now under the control of bailiffs in Luxembourg, pending any appeal by Petronas against the seizure.
“We note Petronas’ description of certain transactions, and we note their statement that those transactions are complete,” Mason said.
“We will discover the full picture of all assets in due course.”


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2022/07/18/malaysian-assets-at-risk-globally-as-late-sulu-sultans-heirs-claim-us15-billion-award/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Explain Claim By Sulu Sultan S Heirs In Detail Govt Told

Explain Claim By Sulu Sultan S Heirs In Detail Govt Told

papar berkaitan - pada 15/7/2022 - jumlah : 111 hits
Two Petronas subsidiaries in Azerbaijan were reportedly seized this week after a French arbitration court ruled in March that Malaysia had to pay the descendants of the sultan of Sulu at least RM62 59 billion PETALING JAYA An Umno leader ha...
Sulu Claim Stay Valid Only In France Say Heirs Lawyers

Sulu Claim Stay Valid Only In France Say Heirs Lawyers

papar berkaitan - pada 17/7/2022 - jumlah : 151 hits
Petronas has said it will fight an order to seize its subsidiaries in Luxembourg The order was obtained by heirs of the Sulu sultanate KUALA LUMPUR Lawyers for the heirs of the Sulu sultanate claim that Malaysian assets in 169 countries are...
Report Malaysia Gets Stay Order On Arbitration Award To Sulu Heirs

Report Malaysia Gets Stay Order On Arbitration Award To Sulu Heirs

papar berkaitan - pada 14/7/2022 - jumlah : 120 hits
PETALING JAYA Malaysia has reportedly obtained a stay order on the controversial U 14 92bil award to the self proclaimed heirs of the Sulu Sultanate by a Paris Arbitration Court in March According to an article in globalarbitrationreview co...
Report Sulu Sultanate Heirs Seize Petronas Assets Worth Us 2b

Report Sulu Sultanate Heirs Seize Petronas Assets Worth Us 2b

papar berkaitan - pada 13/7/2022 - jumlah : 143 hits
The heirs of the purported Sulu sultanate who are claiming US 14 92 billion from Malaysia have seized two Luxembourg incorporated subsidiaries of Malaysian oil giant Petronas According to a by London based Financial Times lawyers of the cla...
Najib Punca Masalah Malaysia Dengan Waris Sultan Sulu Tun M

Najib Punca Masalah Malaysia Dengan Waris Sultan Sulu Tun M

papar berkaitan - pada 21/7/2022 - jumlah : 141 hits
Bekas Perdana Menteri Tun Dr Mahathir Mohamad mendedahkan apabila berlaku pencerobohan pengganas Sulu di Lahad Datu Sabah pada tahun 2013 Najib mengarahkan kerajaan menghentikan bayaran wang serahan kepada waris kesultanan itu kerana menyal...
Siapa Arah Tommy Thomas Tulis Surat Ni Kepada Waris Sultan Sulu

Siapa Arah Tommy Thomas Tulis Surat Ni Kepada Waris Sultan Sulu

papar berkaitan - pada 21/7/2022 - jumlah : 162 hits
Surat bekas peguam negara Tommy Thomas kepada peguam yang dilantik oleh pihak yang mendakwa sebagai waris sultan Sulu dijadikan sandaran dalam keputusan timbang tara baru baru ini yang kini mengancam untuk merampas aset Malaysia bernilai be...
Sabahans Deserve To Know Entire Story On Sulu Claim Says Anifah

Sabahans Deserve To Know Entire Story On Sulu Claim Says Anifah

papar berkaitan - pada 21/7/2022 - jumlah : 78 hits
Former foreign minister Anifah Aman says Dewan Rakyat should be allowed to debate the Sulu arbitration issue without revealing confidential matters PETALING JAYA The seizure of Petronas assets in Azerbaijan by the alleged heirs to the Sulu ...
Media Barred From Reporting On Sulu Claim Briefing

Media Barred From Reporting On Sulu Claim Briefing

papar berkaitan - pada 22/7/2022 - jumlah : 114 hits
Members of the media waiting at the lobby of the Seri Pacific Hotel where MPs are being briefed on the claim by the heirs of the Sulu sultanate KUALA LUMPUR Members of the media have been told not to report on a private briefing for MPs at ...
Umno Man Backs Warisan Rival On Sulu Award Debate

Umno Man Backs Warisan Rival On Sulu Award Debate

papar berkaitan - pada 20/7/2022 - jumlah : 149 hits
Former Kota Belud MP Abdul Rahman Dahlan has backed his successor Isnaraissah Munirah Majilis attempt to convince the Dewan Rakyat to debate the arbitration award which favoured purported heirs of the Sulu sultanate Rahman wrote on his Face...
Kenapa Saya Dah Malas Nak Pergi Hypermarket

Lelaki Tikam Paha Isterinya Hingga Mati Kerana Berang Disuruh Jimatkan Air Untuk Hadapi Musim Tengkujuh

Hiburan Farid Kamil Nak Bawa Anak Naik Kereta Baru Tapi Ada Pihak Hubungi Polis Tiba Tiba Muncul Kereta Peronda

Lakeside Racer A Sportster Inspired By The Riva Aquarama

Enrichz Menjadi Platform E Dagang Untuk Industri Sme

The Hidden Effects Of Long Haul Flights The Psychological Impact

Drama Kau Ceo Aku Lakonan Azrel Ismail Puteri Aishah

Hari Keputeraan Duli Yang Maha Mulia Sultan Johor



Biodata Terkini Youtuber Aqil Zulkiflee Abang Personaliti TikTok Akiddos Akid Zulkiflee

5 Lagu Kebangsaan Negara Yang Menyebut Nama Negara Lain

10 Perkataan Pendek Yang Berasal Dari Akronim Panjang

Info Dan Sinopsis Drama Berepisod Kau CEO Aku Slot Widuri RTM TV1

Adakah Haiwan Betina Mengalami Kitaran Haid


Production Order

5 Amalan Wanita Haid Untuk Rebut Pahala Di Bulan Ramadan

Memahami Konsep Karamah Insaniah Kpm

Dituduh Ada Hubungan Dengan Suami Seorang Penyanyi Hong Jinyoung Beri Respon Padu

Apakah Maksud Sebenar Perkataan Ramadan

Selepas Touch N Go Monopoli Puspakom Pula Akan Dipecahkan