VIENTIANE Laos - The Hague Court of Appeal in the Netherlands today dismissed the Sulu claimants’ application for recognition and enforcement of a purported arbitral award of US$14.9 billion (RM62.59 billion) to be enforced in the Netherlands.
The ruling was announced by Prime Minister Datuk Seri Anwar Ibrahim here today before he departed for home after a two-day official visit to Laos.
"Won, Alhamdullillah. A bad episode which challenged Malaysia’s sovereignty has been brought to an end. We are thankful that they have failed," he told the Malaysian media.
The purported final award was issued by a Spanish arbitrator, Dr Gonzalo Stampa, in Feb 28, 2022 to eight individuals claiming to be heirs of the Sulu Sultanate.
In their bid to enforce the US$14.9 billion final award, the Sulu claimants were reported to have attempted to seize Malaysia’s oil firm Petronas’ assets in Luxembourg, assets in the Netherlands and also targeted Malaysia’s diplomatic assets in France (including part of its embassy). - BERNAMA
The ruling was announced by Prime Minister Datuk Seri Anwar Ibrahim here today before he departed for home after a two-day official visit to Laos.
"Won, Alhamdullillah. A bad episode which challenged Malaysia’s sovereignty has been brought to an end. We are thankful that they have failed," he told the Malaysian media.
The purported final award was issued by a Spanish arbitrator, Dr Gonzalo Stampa, in Feb 28, 2022 to eight individuals claiming to be heirs of the Sulu Sultanate.
In their bid to enforce the US$14.9 billion final award, the Sulu claimants were reported to have attempted to seize Malaysia’s oil firm Petronas’ assets in Luxembourg, assets in the Netherlands and also targeted Malaysia’s diplomatic assets in France (including part of its embassy). - BERNAMA