09:26
Abdul Waheed
A Karachi civil court has ordered Worldoftrade.com to hold it’s business operations in Pakistan due to unethical business practices adopted by the company.
In it’s interim judgment, the court said that that business carried away by worldoftrade.com, a business to business buy/sell portal, is in violation of a contract between worldoftrade.com’s CEO and TradeKey.com.
TradeKey, a business to business portal, had prayed before the court to restrict worldoftrade.com business operations in Pakistan as Mr. Faisal Qayum Siddiqui company’s CEO has violated an employment agreement and a non-disclosure agreement signed with Tradekey.
Both the companies are direct competitors to each other, and are known for offering online platform for business to business buyers and sellers. Tradekey claims to be ranked 5th in fastest growing companies of Pakistan.
Expect more developments on this story, as case is still in court and may proceed in coming days.
source:http://propakistani.pk/2011/10/10/court-confines-worldoftrade-com-operations-in-pakistan/
In it’s interim judgment, the court said that that business carried away by worldoftrade.com, a business to business buy/sell portal, is in violation of a contract between worldoftrade.com’s CEO and TradeKey.com.
TradeKey, a business to business portal, had prayed before the court to restrict worldoftrade.com business operations in Pakistan as Mr. Faisal Qayum Siddiqui company’s CEO has violated an employment agreement and a non-disclosure agreement signed with Tradekey.
Both the companies are direct competitors to each other, and are known for offering online platform for business to business buyers and sellers. Tradekey claims to be ranked 5th in fastest growing companies of Pakistan.
Expect more developments on this story, as case is still in court and may proceed in coming days.
source:http://propakistani.pk/2011/10/10/court-confines-worldoftrade-com-operations-in-pakistan/
Posted in
Posts
0 comments:
Post a Comment