The $15 billion Sulu arbitration is on the brink of collapse. What began as a global legal crusade in 2019 by eight Filipino citizens claiming to be heirs of the old Sultanate of Sulu has now unraveled in every major court they've approached.
London rejected them. Madrid shut the arbitration down. Paris froze the award. Luxembourg lifted their seizures. The Hague refused to enforce it. Washington dismissed their latest attempt.
After years of attempts and more than $20 million in foreign funding from the controversial UK-based Therium Capital Management, the campaign now hangs on the Paris Court of Appeal’s December 9 ruling. It doesn't look promising, however, as French prosecutors have already recommended annulment.
How the Case Fell Apart Country by Country
The Sulu dispute is a perfect example of "forum shopping," which is when a party takes the same legal dispute to multiple countries in search of a court that will rule in their favor. Wealthy
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