07-13-2022, 09:22 PM
Court order to seize Petronas assets unenforceable, says Putrajaya
![[Image: Wan-Junaidi-Tuanku-Jaafar-FMT.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/06/Wan-Junaidi-Tuanku-Jaafar-FMT.jpg)
PETALING JAYA: The French court order to seize the assets of two Petronas subsidiaries is not enforceable, law minister Wan Junaidi Tuanku Jaafar said.
He was commenting on reports that the assets were seized after a French arbitrator handed down an award which required Malaysia to pay descendants of the Sultan of Sulu compensation of at least RM62.59 billion.
Wan Junaidi said the government had never recognised the claim.
He was commenting on reports that the assets were seized after a French arbitrator handed down an award which required Malaysia to pay descendants of the Sultan of Sulu compensation of at least RM62.59 billion.
Wan Junaidi said the government had never recognised the claim.
“Neither have we renounced our sovereignty,” the minister said in a statement.
Wan Junaidi said the French Court of Appeal granted yesterday a stay of the award, which was issued by arbitrator Gonzalo Stampa.
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