Luxemburg court orders Petronas units seized again over Sulu heirs claim
National oil and gas company Petronas has vowed to contest all claims on its assets by the descendants of the Sulu sultanate. – The Malaysian Insight file pic, February 16, 2023.
A LUXEMBOURG has this week issued fresh seizure orders for two units of Malaysian state oil firm Petronas as the Filipino descendants of a former sultanate bid to enforce a RM66 billion award they won against Malaysia,The heirs of the last sultan of Sulu were last year awarded the sum by a French court after arbitration, in which Malaysia did not participate.
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