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Talking about large pleasure craft, adrenaline-pumping speed, and opulent comfort might seem incompatible at first glance. However, this beautiful supery...
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.