How much is Malaysia obligated to pay Sulu sultanate heirs?

Question

Accepted Answer

Malaysia is obligated to pay RM62.59 billion to the heirs of the Sulu sultanate.

This obligation stems from a ruling by a French arbitration court in March, which ordered Malaysia to pay at least RM62.59 billion (US$14.92 billion) to the descendants of the Sultan of Sulu. This legal action is part of ongoing efforts by the heirs, initiated in 2017, to seek compensation.
Legal Basis for the Claim

The demand for payment is based on a historical land lease agreement. The heirs claim that their ancestor leased land in Sabah to a British trading company in 1878. This historical claim has led to the current legal proceedings seeking compensation for that original lease.
Seizure of Petronas Assets

As a consequence of the arbitration court's ruling, bailiffs seized two Petronas subsidiaries in Azerbaijan: Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus. This seizure is reportedly part of the legal efforts by the heirs to enforce the payment of the awarded sum.
Parliamentary Action on the Matter

The alleged seizure of Petronas assets has prompted a parliamentary response. Pulai MP Datuk Seri Salahuddin Ayub has filed an emergency motion to debate the issue in the Dewan Rakyat. He has called for Prime Minister Datuk Seri Ismail Sabri Yaakob to provide an explanation on the legal steps being taken by the Attorney General’s Chambers and Petronas.

Reading history

Hide →

This history is cleared when the page is closed.

How much is Malaysia obligated to pay Sulu sultanate heirs?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends