Moroccan court rules against Dubai’s Aramex in $40m lawsuit

Dubai’s logistics solution provider Aramex intends to file an appeal after a court in Morocco ruled in favour of its customer in a $40m lawsuit.

“Further to the disclosure made by Aramex (“the company”) on Thursday, 7th of January 2021 regarding the lawsuit filed by one of the company’s customers in Morocco claiming a compensation for the loss of goods and moral damages in relation to the fire incident that occurred late September 2020 at the warehouse facility of the company’s subsidiary in Casablanca, Morocco, Aramex would like to inform the market that it had received a judgment from the court of first instance in Morocco, ruling in favour of the customer and against Aramex,” the company said in a disclosure filed to Dubai Financial Market (DFM) on February 22.

Aramex confirmed that the judgment can be appealed.

“Aramex intends to appeal this ruling before the competent court, and also reserves the right to explore and evaluate all available legitimate options to deal with all developments related to this lawsuit. Aramex will keep disclosing all relevant updates as they become available,” it added.

Aramex had announced a fire outbreak at its warehouse facility in Casablanca, Morocco last September. Aramex Morocco had appointed external lawyers to represent it and defend the case before the Moroccan court, the company confirmed in a market disclosure to DFM on January 7.

Abu Dhabi based holding company ADQ acquired approximately 22 per cent of the issued share capital of Aramex last September.

Read: Abu Dhabi’s ADQ acquires 22% of courier firm Aramex