Sulu heirs press US$15b claim, target M'sian assets in Netherlands
Published: Sep 29, 2022 2:53 PM
Heirs of the late Sulu sultan today asked a Dutch court for permission to seize Malaysian assets in the Netherlands, their lawyer said, seeking enforcement of a US$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...
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