KUALA LUMPUR: A Paris court has upheld the Malaysian government's challenge against enforcing a partial award to the heirs of a former sultan who won US$15 billion in an arbitration over a
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.and has vowed to use all legal measures to prevent seizure. It obtained a stay on the award in France but the ruling remains enforceable overseas under a United Nations treaty on arbitration.
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