Petronas has said it will contest any claims made on its assets. Read more at straitstimes.com.
KUALA LUMPUR - Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week.
Petronas has said it will contest any claims made on its assets and Malaysia has vowed to use all legal measures to prevent its assets, including state-linked companies, from being seized overseas.But the Malaysian government said last month that the order had been set aside by a Luxembourg district court.
“There was a technical ruling that has now been effectively dealt with, and the freezing orders are once more in place on the Petronas assets in Luxembourg,” he said via email.
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