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Malaysia to resist any bid by Sulu heirs to target assets in Netherlands
Published on: Friday, September 30, 2022
Published on: Fri, Sep 30, 2022
By: Reuters
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Malaysia to resist any bid by Sulu heirs to target assets in Netherlands
Law minister Wan Junaidi Tuanku Jaafar says Petronas’ assets do not belong to the government and it would be an abuse of the court process to seek enforcement against such assets.
Kuala Lumpur: Malaysia on Friday said it will take legal action in the Netherlands to resist and set aside any attempt by the heirs of a former Sulu sultan who are looking to enforce a US$15 billion (around RM62.59 billion) arbitration award against Sabah.

“Malaysia will spare no expense in defending its sovereignty and its assets abroad wherever they may be situated,” law minister Wan Junaidi Tuanku Jaafar said in a statement.

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The heirs of the former Sulu sultan on Thursday asked a Dutch court for permission to seize Malaysian assets in the Netherlands.

Some of Malaysia’s biggest companies have operations in the Netherlands, including state oil firm Petronas, which is 100% owned by the government.

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“Petronas’ assets are not assets belonging to the government of Malaysia and it would be an abuse of the process of any court to seek enforcement against such assets,” Wan Junaidi said.
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