KUALA LUMPUR, July 13 — De facto law minister Datuk Seri Wan Junaidi Tengku Jaafar said today the Paris Court of Appeal had yesterday granted leave to Putrajaya's application to suspend the ruling that declared the Malaysian government was liable to a billion ringgit settlement claimed by heirs of the now-defunct Sulu sultanate.
In a statement, the minister in the Prime Minister's Department said the leave therefore means the previous ruling cannot be enforced in any country until an ultimatum is reached in Paris, after authorities in Luxembourg reportedly seized the assets of two Petronas subsidiaries claimed by the so-called sultanate.
"The Malaysian government stresses that it has never recognised the claim and has never put aside its sovereign immunity," Wan Junaidi said.reported that bailiffs in Luxembourg seized the holding companies and related assets valued at over US$2 billion .
Source: Law Daily Report (lawdailyreport.net)
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