JOURNAL ARTICLE

Paris Court Annuls Final Award in $15 Billion Spat With Sulu Heirs, Says Malaysia.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Shukry, Anisah 3 of 3

Abstract

The article discusses a significant ruling by a Paris court that annulled a $15 billion claim by the heirs of the Sulu sultanate against Malaysia, marking a key development in a long-standing territorial dispute. The court determined that the arbitrator who issued the award in 2022 lacked jurisdiction due to the absence of a valid arbitration agreement with Malaysia. Additionally, the court ordered the Sulu claimants to pay approximately €200,000 ($232,960) in costs to Malaysia. This ruling is expected to conclude further claims from the Sulu heirs regarding the state of Sabah, which was historically leased by the Sulu sultanate to a British company in 1878 before becoming part of Malaysia. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Religion and Philosophy
  • Publication Date:2025
  • Accession Number:189940831
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