Descendants Of Sultan Sulu Seizes Two Petronas Subsidiaries And Press $15 Billion Claim On Malaysia
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Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15 billion legal dispute linked to an agreement signed 144 years ago. Representatives of the heirs of the last Muslim sultan of Sulu, who claimed to hold land in what is now the oil-rich Malaysian state of Sabah, said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.
Descendants Of Sultan Sulu Seizes Two Petronas Subsidiaries And Press $15 Billion Claim On Malaysia
Descendants Of Sultan Sulu Seizes Two…
Descendants Of Sultan Sulu Seizes Two Petronas Subsidiaries And Press $15 Billion Claim On Malaysia
Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15 billion legal dispute linked to an agreement signed 144 years ago. Representatives of the heirs of the last Muslim sultan of Sulu, who claimed to hold land in what is now the oil-rich Malaysian state of Sabah, said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.