PETALING JAYA: The Paris Court of Appeal has dismissed the Sulu claimants' bid to enforce the US$14.9bil purported final award.
The government's special secretariat to tackle the Sulu Sultanate's claims against the Malaysian government said that the Paris Court of Appeal had decided on Tuesday that the challenge filed by the Sulu claimants is inadmissible.
"Malaysia wishes to note that the stay order granted on 12th July 2022 is an exceptional decision and serves to reinforce Malaysia’s position that the purported commercial arbitration instituted by the Sulu claimants is without legitimate basis and does affect Malaysia’s territorial sovereignty. In February last year, the Paris Court of Arbitration through arbitrator Gonzalo Stampa ordered Malaysia to pay US$14.9bil to the self-proclaimed heirs of the Sulu sultanate.
However, Malaysia managed to obtain a stay order on Stampa's controversial award from French courts after filing a request for a stay of the enforcement of the purported Final Award in April 2022.
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