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.
您已阅读18%（672字），剩余82%（3006字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。