Region: Malaysia

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

Malaysia challenges mega-award in French court

Malaysia has asked a French court to overturn a US$15 billion award won by heirs to a sultanate on the island of Borneo, arguing the sole arbitrator had no authority to hear the dispute after his appointment was rescinded.

18 March 2022

Malaysian carmaker declares win in dispute over Chinese venture

An HKIAC-administered tribunal has ruled that Malaysian carmaker Proton validly terminated a joint venture to produce and sell a new luxury SUV for the Chinese market, a dispute that saw its former partner bring a US$3.2 billion counterclaim.

09 March 2022

Malaysian state entity defeats Brazilian oilfield claim

A Brazilian energy company says an ICC tribunal has rejected its US$1.5 billion claim against a subsidiary of Malaysia’s national oil and gas company Petronas over its decision to pull out of a deal to acquire oil assets off the coast of Rio de Janeiro.

15 February 2022

Set-aside affirmed after ICC panel upholds “eleventh hour” defence

The Singapore Court of Appeal has affirmed a decision to partially set aside an ICC award over a polysilicon plant because the tribunal upheld a “completely new” defence that was only introduced in closing submissions.

12 November 2021

1MDB not too late to challenge Abu Dhabi settlement

The Commercial Court in London has ruled that Malaysian sovereign wealth fund 1MDB is not too late to challenge a multibillion-dollar arbitral settlement with an Abu Dhabi government-owned entity that it alleges was intended to cover up a massive fraud.

04 November 2021

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