According to their lawyer, heirs of a deceased Southeast Asia sultan have asked a Dutch court to recognize and uphold a $15 billion arbitration judgement made in their favor against the government of Malaysia.
According to Paul Cohen, a principal co-counsel for the sultan’s heirs at the British legal firm 4-5 Gray’s Inn Square, the petition was submitted to The Hague Court of Appeal.
“This filing in the Netherlands will soon be followed by other enforcement actions, of varying types, in multiple jurisdictions. This may include immediate, direct attachment of specific Malaysian assets in The Netherlands and elsewhere,” Cohen said.
A request for comment on the petition was not immediately met with a response from the Malaysian government.
The documents could not be immediately confirmed by Reuters with Dutch court authorities.
In order to resolve a disagreement over a property contract from the colonial era, a French arbitration court ordered Malaysia to pay the $15 billion sum to the lineal descendants of the last Sultan of Sulu in February.
The decision has been put on hold while Malaysia files an appeal, but the judgment is still enforceable outside of France because to a United Nations convention on international arbitration.
Malaysia has declared that it rejects the heirs’ claim and will do all in its power to protect its sovereignty.