KUALA LUMPUR (Reuters) – Malaysia’s law minister on Thursday said a Luxembourg court had set aside an attempt made by the heirs of a former sultanate to enforce a $15 billion arbitration award they won against Malaysia.
A French court last year had ordered Malaysia to pay $14.9 billion to the heirs of the last sultan of Sulu to honour a colonial-era land deal. Malaysia, which did not participate in the arbitration proceedings, maintains the process is illegal.
It obtained a stay against the award’s enforcement in France, but the ruling remains enforceable outside France under a United Nations treaty on international arbitration.
Malaysia’s law minister Azalina Othman Said said the District Court of Luxembourg on Tuesday had set aside a request for an “attachment order” made by the Sulu heirs.
It was not immediately clear what impact, if any, the decision would make on the arbitration award. Azalina did not provide…
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