A court in France has handed Malaysia a “decisive victory” in a long-running dispute with the alleged heirs of a 19th-century sultanate who are seeking to seize state assets around the world to enforce a $14.9bn arbitration award they won against the Southeast Asian nation, according to officials.
The Paris Court of Appeal’s judgement on Tuesday found that the arbitral tribunal that heard the petition filed by the Filipino heirs of the last sultan of Sulu – a region of northern Borneo in present-day Malaysia – did not have jurisdiction over the case, according to a statement by Malaysian Minister of Law Azalina Othman Said.
