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Dollars take back seat in SSA funding rush

Three's a charm in dollar SSA market

Dollars take back seat in SSA funding rush

French agencies get modest traction

Paris Court of Appeal stays $15 billion award against Malaysia for prejudice against sovereign rights

Recently, the Paris Court of Appeal stayed the enforcement of the final award in the <i>Heirs of the Sultan of Sulu v Malaysia</i>. The Court held that an award of damages, based on the restitution value of disputed territory, presented a risk of serious prejudice to territorial sovereignty that warranted a stay. The decision clarifies the definition of "serious prejudice" that will justify a stay of enforcement pending annulment of an arbitral award in France.