Madrid Court of Appeal found Stampa guilty
The Madrid Court of Appeal has upheld the conviction by the Madrid Criminal Court that Sulu arbitrator Gonzalo Stampa is guilty of contempt of court.
It also reaffirmed Stampa’s six month imprisonment and one year ban from practising as an arbitrator, said Minister in Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.
“Malaysia welcomes this landmark ruling as a momentous victory for the rule of law that will help preserve the sanctity of international arbitration as an alternative form of dispute resolution.
“It confirms, once more, that the Sulu fraud was made possible by the criminal behaviour of a rogue arbitrator.
“Malaysia is therefore also confident that this victory will serve as a further deterrent to the ominous actions carried out by the perpetrators of the Sulu fraud,” she said in a statement today.
Gonzalo is the arbitrator who presided over the claims of the Sulu heirs against Malaysia. He awarded the Sulu RM62.59 billion which then was contested by the Malaysian government.
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