Malaysia says Philippine heirs of Sulu sultan withdraw claim on Paris buildings linked to arbitration dispute
[ad_1]
Malaysia says Philippine heirs of Sulu sultan withdraw claim on Paris buildings linked to arbitration dispute
An enforcement judge in Paris on November 9 “recorded the claimants’ withdrawal from the proceedings they had initiated to seize the … diplomatic buildings,” Malaysia’s law ministry said in a statement issued late on Thursday.
Representatives for the heirs were not immediately available for comment.
The Filipino heirs of the last sultan of Sulu won a US$14.9-billion award in a French arbitration court last year in a long-running dispute over a colonial-era land deal, prompting them to go after Malaysia-owned assets.
But in June, a Paris court upheld the Malaysian government’s challenge against enforcing a partial award.
Why are the Philippine heirs of a sultan clashing with Malaysia over Sabah?
Why are the Philippine heirs of a sultan clashing with Malaysia over Sabah?
In the statement, the law ministry said the enforcement judge also quashed an earlier order authorising that a statutory mortgage be registered on the three buildings.
The judge asked the heirs of the sultan to pay 15,000 euros (US$16,008) to Malaysia as costs, in addition to the 100,000 euros ordered by a Paris Court of Appeal earlier this year, it said.
“The government of Malaysia is confident that the ultimate annulment of the purported final award by the Paris Court of Appeal is only a matter of time, and is making every effort to secure that result as quickly as possible,” the ministry said.
[ad_2]
Source link
