Dutch Appeals Court Refuses To Confirm $15B Award Against Malaysia

(June 30, 2023, 2:19 PM EDT) -- THE HAGUE, Netherlands — The Court of Appeal of the Hague refused to recognize an arbitral award against Malaysia for roughly $15 billion issued in an ad hoc arbitration by a sole arbitrator in favor of the descendants of the Sultan of Sulu for unpaid lease payments for land formerly belonging to their ancestor that is now part of Malaysia....