Heirs of a late Southeast Asian sultan on Thursday asked a Dutch court for permission to seize Malaysian assets in the Netherlands, their lawyer said, seeking enforcement of a $15 billion arbitration award granted to them against Malaysia's government.
The petition in The Hague Court of Appeal is an escalation of a long running dispute over a colonial-era land deal that threatens global assets of the Malaysian government and state-owned companies.
Malaysia's government, which has said it does not recognise the heirs' claim, did not immediately respond to a request for comment on the Dutch petition.
