Petronas Taking Steps To Protect Global Assets After Luxembourg Seizure


 
The steps taken by Petronas include engaging legal counsel.KUALA LUMPUR: Malaysia’s state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries were served with a seizure notice last week over a dispute with the heirs of a late sultan.
The last sultan of Sulu’s heirs are seeking to seize Malaysian government assets around the world in a bid to enforce an arbitration award handed to them by a French court in February. The subsidiaries were served with a seizure notice by Luxembourg court bailiffs.
“Petronas contests the validity of these enforcement actions against its two aforementioned subsidiaries and is taking all necessary measures to defend its legal position,” the company said in an emailed statement today.
The steps include engaging legal counsel, the company said.
The latest move by their sultan’s heirs follows a French arbitration court ruling in February that ordered Malaysia to pay US$14.9 billion to the heirs to honour a deal he signed with a British trading company in 1878 over the use of his territory, now known as Sabah.
Malaysia took over the arrangement after independence from Britain, annually paying a token sum to the heirs. But the payments were stopped in 2013, with Malaysia arguing that no one else had a right over the oil-rich state, which was part of its territory.
A French appeals court ordered a stay on the case on Tuesday. But lawyers for the heirs say the award remains enforceable outside France, under a UN treaty on arbitration recognised in 170 countries. - FMT


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

http://malaysiansmustknowthetruth.blogspot.com/2022/07/petronas-taking-steps-to-protect-global.html

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
Sabah Assembly Rejects Shafie S Motion To Debate Sulu Seizure Of Petronas Assets

Sabah Assembly Rejects Shafie S Motion To Debate Sulu Seizure Of Petronas Assets

papar berkaitan - pada 19/7/2022 - jumlah : 189 hits
The Sabah legislative assembly today rejected a motion to debate the seizure of Petronas assets overseas by purported heirs of the Sulu sultanate submitted by opposition leader Mohd Shafie Apdal Speaker Kadzim M Yahya said the motion was re...
Ramkarpal Submits Motions On Baling Floods Petronas Assets Seizure

Ramkarpal Submits Motions On Baling Floods Petronas Assets Seizure

papar berkaitan - pada 14/7/2022 - jumlah : 211 hits
Bukit Gelugor MP Ramkarpal Singh submitted the two motions to Dewan Rakyat Speaker Azhar Harun for the issues to be discussed at the next parliamentary sitting PETALING JAYA Bukit Gelugor MP Ramkarpal Singh has submitted motions for the rec...
Rush For Bottled Water In Penang As Taps Dry Up After Kedah Floods

Rush For Bottled Water In Penang As Taps Dry Up After Kedah Floods

papar berkaitan - pada 7/7/2022 - jumlah : 371 hits
A woman walks past empty shelves previously stacked with bottled water at Lotus s Jelutong Penang GEORGE TOWN Residents in Penang are storing water and rushing to buy bottled water at supermarkets in anticipation of a possible supply disrup...
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 : 238 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...
Petronas Asset Seizure Govt Forms Task Force To Look Into Claims

Petronas Asset Seizure Govt Forms Task Force To Look Into Claims

papar berkaitan - pada 16/7/2022 - jumlah : 331 hits
The government has agreed to form a special task force led by Minister in the Prime Minister s Department Wan Junaidi Tuanku Jaafar to scrutinise monitor and draft a plan based on existing legal provisions to address the issue of claims mad...
Court Order To Seize Petronas Assets Unenforceable Says Putrajaya

Court Order To Seize Petronas Assets Unenforceable Says Putrajaya

papar berkaitan - pada 14/7/2022 - jumlah : 147 hits
Law minister Wan Junaidi Tuanku Jaafar said the government would protect the country s sovereignty PETALING JAYA The court order to seize two Petronas assets is not enforceable law minister Wan Junaidi Tuanku Jaafar said Yesterday it was re...
Mp Asks If Sabah Still Relevant After Petronas Sulu Debate Rejected

Mp Asks If Sabah Still Relevant After Petronas Sulu Debate Rejected

papar berkaitan - pada 19/7/2022 - jumlah : 195 hits
Kalabakan MP Ma mun Sulaiman has questioned if Sabah remains relevant to the government following a rejected motion to debate the seizure of Petronas assets worth US 2 billion Warisan s Ma mun wanted to know the East Malaysian state s impor...
Fourth Victim Dies After Mat Rempit Crash In Penang

Fourth Victim Dies After Mat Rempit Crash In Penang

papar berkaitan - pada 18/7/2022 - jumlah : 294 hits
Four men have died and two others were injuried after a crash involving Mat Rempit motorcycle riders in Penang PETALING JAYA A fourth man has died after an early morning pile up involving Mat Rempit taking part in illegal racing on a coasta...
After Mat Kilau Movie A Call For More Stories Of Past Warriors

After Mat Kilau Movie A Call For More Stories Of Past Warriors

papar berkaitan - pada 18/7/2022 - jumlah : 366 hits
Law minister Wan Junaidi Tuanku Jaafar said movies like Mat Kilau could rake in millions in ticket sales PUTRAJAYA In the wake of the success of the Mat Kilau historical drama the local film industry was urged today to focus on Malaysian hi...
Beli Rumah Lebih Jimat Dengan Kempen Hartanah Bumiputera Matrix

Bersatu Man Demands Dnb Exit Strategy For U Mobile

Khutbah Jumat Jumadil Awal Tangis Ibnu Rawahah Jelang Perang Mu Tah

Tattoos Raised And Itchy

Tattoos Portland Maine

Bertolak Ansurlah

Kisah Adv 160 Pengajaran Dari Bateri Lemah

Haram Guna Dan Jual Vape Dewan Pemuda Pas Pahang Zahir Sokongan Penuh Terhadap Titah Sultan


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Cek Pertama Dari Google Adsense

Training Refresher Sistem 24 10 2024 29 10 2024

Pas Langkaui Retorik Dap Isytihar Pas Muuh Utama

Kru Voodoo Chord

Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

Abang Adik Wins Best Film Award In Los Angeles