THE HAGUE - A Dutch court of appeal dismissed a bid by eight descendants of a former sultanate to enforce a US$15 billion arbitration award they had won against the government of Malaysia, a judgment released on the court website on Tuesday showed.
“The court dismisses the requests of the Filipino nationals” to demand to execute the arbitration award, the judgment said. Last year, the Filipino heirs to the last sultan of the remote Philippine region of Sulu were awarded US$14.9 billion by a Paris arbitration court in, Luxembourg and the Netherlands, in a bid to enforce the award.
Source: Law Daily Report (lawdailyreport.net)
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