Region: Malaysia
French court upholds stay of Malaysia mega-award
A French court has refused to lift a stay of enforcement of a US$15 billion award against Malaysia – as the award holders reportedly target state-owned properties in Paris.
16 March 2023
Abu Dhabi fund settles with Malaysia's 1MDB
An Abu Dhabi government-owned entity has agreed to pay US$1.8 billion to Malaysian sovereign wealth fund 1MDB to settle LCIA and London court proceedings relating to a multibillion-dollar fraud.
27 February 2023
Malaysian assets frozen again in Luxembourg
Luxembourg assets belonging to Malaysia’s national oil company have been frozen for a second time at the request of Philippine nationals seeking to enforce a US$15 billion award against the Asian state.
16 February 2023
Malaysian state entity defeats bid to revive SIAC claim
UPDATED: A Singapore court has upheld a SIAC award favouring Malaysia’s state-owned telecoms company in a US$35 million dispute with a provider of set-top boxes for internet protocol television, finding no evidence the arbitrator failed to keep an open mind.
07 February 2023
Sultan’s heirs take Malaysia mega-award to the Netherlands
The heirs to a sultanate on the island of Borneo have asked a Dutch court to enforce their US$15 billion award against Malaysia.
30 September 2022
Moser award set aside over “flexible approach” to damages
Singapore’s Court of Appeal has partially set aside a €62 million ICC award over a Malaysian steel plant after finding that a tribunal chaired by Michael Moser breached due process by adopting a “flexible approach” to proof of damage.
26 July 2022
Malaysia gets stay of mega-award as assets frozen in Luxembourg
A French court has granted Malaysia a stay of a US$15 billion award won by heirs to a sultanate on the island of Borneo after finding its enforcement could infringe on the country’s sovereignty – as the heirs secure an attachment over Luxembourg subsidiaries of the Malaysian national oil company.
12 July 2022
Malaysian state telecoms company beats SIAC claim
Malaysia’s state-owned telecoms company says it has defeated a US$34.5 million SIAC claim brought by a Singapore-registered IPTV services provider, also winning a counterclaim for misrepresentation.
08 July 2022
Malaysian challenge fails in Indian oil block dispute
A Malaysian court has upheld an ad hoc award in a dispute between former partners in an offshore Indian petroleum block that was shut down more than a decade ago.
28 April 2022