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Luxembourg court issues fresh seizure orders against Petronas

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Luxembourg court bailiffs issued fresh seizure orders for two units of oil firm Petronas this week, following a bid by descendants of a former sultanate to enforce a US$15-billion (RM66 billion) award they had won against Malaysia, according to the heirs' lawyer and court documents seen by Reuters.

The purported Filipino heirs of the last Sulu sultan are seeking to enforce a US$14.9-billion award granted to them by a French arbitration court last year, amid a long-running dispute with the Malaysian government over a colonial-era land deal.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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