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.
Expect more developments on this story, as case is still in court and may proceed in coming days.
This is false news. Court never ordered WOT to stop its operations. Court just sent notice to WOT to defend the case initiated by TradeKey.
That case has now been dismissed by court. Check this news.
http://ummat.com.pk/2011/11/04/news.php?p=news-36.gif
No it hasnt. The case has been escalated to Sindh High Court
http://www.apnatime.com/14653/2011/11/04/it/trade-key-files-suit-high-court-claims-damages/
@Communist
Doesn’t make any difference this news is still false. The court hasn’t asked WOT to stop its operations. Only the case has been moved to high court. So whether the case is in Supreme Court, United Nations or ICJ, you cannot say that court has asked to stop operations. This is simply not true. No judgement has been passed by court and WOT is still doing operations all over the world.
Thanks for telling that you’ve been under a rock for the past month, or you would have known the whole story:
http://www.scribd.com/doc/67619209/WorldOfTrade-com-Restricted-to-Do-Business-Operations-in-Pakistan