After US$15 billion award, Sulus target Malaysian properties in Paris
The bailiffs tried to assess the properties on Monday following a court-issued seizure order in December, but Malaysian officials at the Paris embassy turned them away.
Petronas units in Luxembourg seized again in US$15 billion dispute linked to Sulu heirs
The Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus units were first seized in July 2022, but the government said last month that the order had been set aside by a Luxembourg district court.
Petronas to fight asset claims by Sulu sultan's heirs
Petronas, which is fully owned by the government, has several subsidiaries headquartered in the Netherlands.
Govt says will fight legal action to seize assets by late sultan's heirs
It says it will take legal action in the Netherlands to resist and set aside any attempt by the heirs of the so-called Sulu sultanate.
Late sultan's heirs press US$15 billion claim, target Malaysian assets in Netherlands
Some of Malaysia's biggest companies have operations in the Netherlands, including state oil firm Petronas and palm oil producer Sime Darby Plantations.
How Malaysia ended up owing US$15 billion to a sultan's heirs
Malaysia has obtained a stay in France pending an appeal – a process that could take years – but the award remains enforceable globally under a UN convention on arbitration.
