[theold]

Malaysians woke up on the morning of March 1 to news that the country has to pay US$14.92 billion (RM62.59 billion) to descendants of the last Sulu sultan, Sultan Jamalul Kiram II.

More bemusement followed with the reaction of the Malaysian government indicating they would challenge the validity of the ruling by Spanish arbitrator Gonzalo Stampa.

https://www.malaysiakini.com/news/612999

[theold]

https://www.nst.com.my/business/2022/07/...sulu-ruler

[Teeth53]

Petronas assets worth US$2 billion seized by heirs of Sulu ruler....

[Teeth53]

Petronas assets worth US$2 billion seized by heirs of Sulu ruler....

The 1878 "treaty" was an agreement that led the then Sultan of Sulu, Sultan Jamal Al Alam, to cede Sabah (then known as North Borneo) to the Dent & Overbeck Company.

The agreement was signed by the Sulu sultan and German-born adventurer Baron Von Overbeck, who was then North Borneo maharajah and had a role in the... Sabah (then known as North Borneo is Suls wild land.

[Teeth53]

https://www.nst.com.my/business/2022/07/...sulu-ruler

Earliest recorded history of Sabah being part of any organised civilisation began in the early 15th century during the thriving era of the Sultanate of Brunei. 

Prior to this, early inhabitants of the land lived in predominantly tribal societies, although such tribal societies had continued to exist until the 1900s.[2] The eastern part of Sabah was ceded to the Sultan of Sulu by the Sultan of Brunei in 1658 for the former helping a victory over Brunei enemies, but many sources stated it had not been ceded at all.

By the late 19th century, both territories previously owned by Sultan of Brunei and Sultan of Sulu was granted to British syndicate and later emerged as British North Borneo under the management of the North Borneo Chartered Company.

Sabah became a protectorate of the United Kingdom in 1888 and subsequently became a Crown colony from 1946 until 1963, during which time it was known as Crown Colony of North Borneo. 

On 16 September 1963, Sabah merged with Malaya, Sarawak and Singapore (left in 1965) to form Malaysia.

[Napoleon Porlumpar]

The 1878 "treaty" was an agreement that led the then Sultan of Sulu, Sultan Jamal Al Alam, to cede Sabah (then known as North Borneo) to the Dent & Overbeck Company.

The agreement was signed by the Sulu sultan and German-born adventurer Baron Von Overbeck, who was then North Borneo maharajah and had a role in the... Sabah (then known as North Borneo is Suls wild land.

then Germany should have the most legal claim then...............

Earliest recorded history of Sabah being part of any organised civilisation began in the early 15th century during the thriving era of the Sultanate of Brunei. 

Prior to this, early inhabitants of the land lived in predominantly tribal societies, although such tribal societies had continued to exist until the 1900s.[2] The eastern part of Sabah was ceded to the Sultan of Sulu by the Sultan of Brunei in 1658 for the former helping a victory over Brunei enemies, but many sources stated it had not been ceded at all.

By the late 19th century, both territories previously owned by Sultan of Brunei and Sultan of Sulu was granted to British syndicate and later emerged as British North Borneo under the management of the North Borneo Chartered Company.

Sabah became a protectorate of the United Kingdom in 1888 and subsequently became a Crown colony from 1946 until 1963, during which time it was known as Crown Colony of North Borneo. 

On 16 September 1963, Sabah merged with Malaya, Sarawak and Singapore (left in 1965) to form Malaysia.

so the Rothschilds took control of Sabah (just like S'pore) since it was a Crown Colony...............

Crown = City of London = Rothschild enclave

[Teeth53]

Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15bn legal dispute linked to an agreement signed 144 years ago.

Representatives of the heirs of the last Muslim sultan of Sulu, who claimed to hold land in what is now the oil-rich Malaysian state of Sabah, said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.

The Luxembourg-registered subsidiaries, Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus, managed the state-owned energy company’s gas interests in Azerbaijan and could be worth more than $2bn.

[Teeth53]

Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15bn legal dispute linked to an agreement signed 144 years ago.

Representatives of the heirs of the last Muslim sultan of Sulu, who claimed to hold land in what is now the oil-rich Malaysian state of Sabah, said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.

The Luxembourg-registered subsidiaries, Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus, managed the state-owned energy company’s gas interests in Azerbaijan and could be worth more than $2bn.

The move, which is being reported for the first time, is part of legal efforts launched in 2017 by the Sulu heirs to win compensation over land in Sabah that they said their ancestor leased to a British trading company in 1878, before the discovery of vast natural resources in the area.

In March, an arbitrator in France ruled that Malaysia, which inherited the obligations of the lease agreement upon securing independence from Britain, must pay the descendants $14.9bn. 

The case, which until now has attracted little attention outside Malaysia, has been described by experts as one of the most unusual arbitration proceedings in history. It has ignited anger in Malaysia, which still refuses to accept the award, while also exposing Britain’s messy colonial legacy in the country.

Now Petronas has been dragged into the dispute just as it was set to capitalise on high oil prices and help rebuild Malaysia’s economy after the coronavirus pandemic.

[Teeth53]

The move, which is being reported for the first time, is part of legal efforts launched in 2017 by the Sulu heirs to win compensation over land in Sabah that they said their ancestor leased to a British trading company in 1878, before the discovery of vast natural resources in the area.

In March, an arbitrator in France ruled that Malaysia, which inherited the obligations of the lease agreement upon securing independence from Britain, must pay the descendants $14.9bn. 

The case, which until now has attracted little attention outside Malaysia, has been described by experts as one of the most unusual arbitration proceedings in history. It has ignited anger in Malaysia, which still refuses to accept the award, while also exposing Britain’s messy colonial legacy in the country.

Now Petronas has been dragged into the dispute just as it was set to capitalise on high oil prices and help rebuild Malaysia’s economy after the coronavirus pandemic.

But for as long as Kuala Lumpur continues to ignore the ruling, the money owed to the Sulu heirs is set to increase. The arbitrator in France decided that for every year it goes unpaid, Malaysia’s outstanding liability to the heirs will rise by 10 per cent.

In February, Petronas’s Luxembourg holding companies liquidated a 15.5 per cent stake in Azerbaijan’s Shah Deniz offshore gasfield, previously valued at $2.3bn. It is unclear whether this money is now held by the subsidiaries or by Petronas in Malaysia.

The claimants’ lawyers indicated they would pursue more state assets if a resolution was not reached.

“International law doesn’t let you pick and choose. Either Malaysia honours its international obligations or it goes ‘full Russia’,” said Paul Cohen, the other lead counsel to the claimants at 4-5 Gray’s Inn Square. “We hope Malaysia will see the cost of being a legal pariah state and come to terms.”

[Teeth53]

But for as long as Kuala Lumpur continues to ignore the ruling, the money owed to the Sulu heirs is set to increase. The arbitrator in France decided that for every year it goes unpaid, Malaysia’s outstanding liability to the heirs will rise by 10 per cent.

In February, Petronas’s Luxembourg holding companies liquidated a 15.5 per cent stake in Azerbaijan’s Shah Deniz offshore gasfield, previously valued at $2.3bn. It is unclear whether this money is now held by the subsidiaries or by Petronas in Malaysia.

The claimants’ lawyers indicated they would pursue more state assets if a resolution was not reached.

“International law doesn’t let you pick and choose. Either Malaysia honours its international obligations or it goes ‘full Russia’,” said Paul Cohen, the other lead counsel to the claimants at 4-5 Gray’s Inn Square. “We hope Malaysia will see the cost of being a legal pariah state and come to terms.”

This case is the history of colonialism,” said Elisabeth Mason, a lawyer at London-based 4-5 Gray’s Inn Square and lead counsel for the eight claimants, who are based in the Philippines. “Unlike so many dispossessed, our clients have an ongoing contract since 1878 and, as such, have a path to justice where many others did not.”

The seizures come at a critical time for Malaysia, which has had four prime ministers since 2015.

[Teeth53]

https://www.scmp.com/news/asia/southeast...an-who-are