A Paris court has upheld the Malaysian government's challenge against enforcing a partial award to the heirs of a former sultan who won $15 billion in an arbitration over a colonial-era land deal
A Malaysian flag flies outside Prime Minister's office, in Putrajaya, Malaysia September 24, 2020. REUTERS/Lim Huey Teng
The win for Malaysia implies the final award will be annulled and the descendants' efforts to seize Malaysian assets will end, the government said. The Paris Court of Appeal found the case arbitrator had wrongly upheld his jurisdiction, Malaysia said on Tuesday. The dispute stems from an 1878 deal signed between European colonists and the Sultan of Sulu for use of his territory, which spanned islands in the southern Philippines and parts of present-day Malaysia on Borneo island.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The pitch deck edtech startup Kira Learning used to raise $15 millionHere's an exclusive look at the pitch deck that Kira Learning, a startup that provides AI-powered software to help teach computer science to K-12 students, raise $15 million from investors like NEA
Read more »
Almost $15 million in counterfeit money seized in Philadelphia by customs officersThe U.S. Customs and Border Protection officers seized almost $15 million in counterfeit money during the month of May 2023.
Read more »
Nearly $15 million in fake money seized by CBP officers in PhiladelphiaOfficials say counterfeiting currency is a lucrative business and is often used to finance illegal activities, including financial fraud, narcotics smuggling, terrorism, and attacks against our nation's financial systems.
Read more »
New tutoring initiative will combat pandemic learning loss at NYC schoolsNew York City public schools are doubling down on new tutoring programs in math and reading as a way to help kids recover from pandemic learning loss.
Read more »