Malaysia wins Paris court docket case against $15bn colonial-era land deal

The Malaysian government has achieved a significant victory in a Paris courtroom, which upheld their challenge against implementing a partial award of US$15 billion to the heirs of a former sultan in an arbitration case concerning a colonial-era land deal. This determination implies that the final award might be annulled, and the descendants’ attempts to grab Malaysian belongings will come to an end.
The Filipino heirs of the final Sultan of Sulu have been awarded US$14.9 billion in a French arbitration court docket final yr in a long-standing dispute over the deal. However, Track record of Appeal found that the case arbitrator had wrongly upheld his jurisdiction, in accordance with Malaysia.
Malaysia, which didn’t participate in the arbitration, insists that the process is illegal and has vowed to make use of all authorized measures to forestall seizure. While a keep on the award was obtained in France, the ruling remains enforceable overseas beneath a United Nations treaty on arbitration.
The dispute originated from an settlement signed in 1878 between European colonists and the Sultan of Sulu regarding the utilization of his territory, which included islands in the southern Philippines and components of present-day Malaysia on Borneo island. Independent Malaysia paid a nominal sum annually to the sultan’s heirs to honour the agreement however ceased payments in 2013 after supporters of the previous sultanate launched a violent incursion to reclaim land from Malaysia. The heirs claim they were not involved within the incursion and sought arbitration over the suspension of funds..

Leave a Comment