Civil court dismisses case against WorldofTrade

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A civil court has dismissed the case filed against United Arab Emirates-based international business-to-business (B2B) company World of Trade and the company’s chief executive officer for allegedly resorting to unethical and illegal practices in business operations and activities through the company website, www.WorldofTrade.com. The case was registered last month by the rival Saudi-based online trading B2B portal – TradeKey – operating in Pakistan, with over 500 employees. The plaintiff had also got a stay order from a local court against WorldofTrade.com As per details, the applicant has withdrawn from the case immediately after the civil court dismissed the case.
According to a WorldofTrade.com spokesman, the company has always believed in healthy competition in a free-market environment and it hopes that true competition in any business must be based upon delivery of the best quality with maximum customer satisfaction.
Earlier, the civil court had ordered immediate suspension of all business activities through the website, WorldofTrade.com, primarily for adopting unethical and illegal business practices. The owner of WorldofTrade.com, Faisal Qayyum Siddiqui, formerly an employee of TradeKey Pvt Limited – was accused of adopting wrongful business practices in running his website, including violating employment contracts, non-disclosure agreements and misusing the name of the plaintiff by falsely representing himself as co-founder and his company as a sister company of TradeKey in China through his agents; whereby causing damage to the TradeKey brand.

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