MOROCCO Issue dated 21/04/2021

Carlyle could get trial after all in Samir row against insurers

A general view shows the Samir oil refinery in Mohamadia, Morocco.
A general view shows the Samir oil refinery in Mohamadia, Morocco. © Reuters
Carlyle has tried unsuccessfully for years to convince US courts that it was robbed by Morrocan refinery operator Samir and should therefore be compensated by its insurance. But an appeals court has just reversed the ruling against it, reviving the hopes of the beleaguered US fund. [...] (295 words)
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