KUALA LUMPUR: State oil firm Petronas said today it would contest any claims on its assets by the heirs of the former Sulu sultanate who filed court actions in the Netherlands.
The Sulu heirs asked a Dutch court on Thursday for permission to seize Petronas assets in the Netherlands. On Friday the Malaysian government said it would take legal action against the heirs’ latest move.
Petronas has several subsidiaries headquartered in the Netherlands.
The company said in a statement emailed to Reuters: “Petronas maintains its view that any purported action targeting Petronas in relation to this case is baseless and Petronas will continue to defend its legal position.”
The Sulu heirs are targeting Malaysian assets overseas after the government’s refusal to recognise an arbitration award by a French court in February on the sultanate’s claims to compensation for ceding Sabah in the 19th century.
The claimants, who are related to the last Sulu sultan Jamalul Kiram II who died in 1936, are middle-class Filipino citizens. - FMT
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