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.
