The heirs of a 19th century sultanate are seeking to seize Malaysian government assets around the world in a bid to enforce a $14.9 billion arbitration award they won against the Southeast Asian nation, despite a stay on the case handed by a French court, their lawyers told Reuters.
A French arbitration court in February ordered Malaysia to pay the sum to the descendents of the last Sultan of Sulu to settle a dispute over a colonial-era land deal.
"The 'stay' that seems to comfort the Malaysian government temporarily delays local enforcement in one country, France itself," said Paul Cohen, the heirs' lead co-counsel, of London-based law firm 4-5 Gray's Inn Square.With some exceptions, such as diplomatic premises, any Malaysian government-owned asset within nations party to the U.N. convention is eligible for the purposes of enforcing the award, said Elisabeth Mason, another lawyer for the heirs.
But the payments were stopped in 2013, with Malaysia arguing that no one else had a right over Sabah, which was part of its territory.
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