Details

Case

Educator Copy

Milan Surgical Equipment Pvt. Ltd

Syed Ifzal Haider, Taimur H Shaique, Naim Sipra


INDUSTRY : Surgical

AREA : Business Government/International Economy

ORGANIZATION : Milan Surgical Equipment Private Limited

LENGTH : 8

LUMS No : 16-282-97-1

PUBLICATION YEAR : 1997

DESCRIPTION

KEYWORDS:

Milan Surgical Equipment,Private,Limited,Business Government,International Economy;Surgical,Dispute,Bank,Operations


DESCRIPTION:

This trade dispute explains why a Pakistani Exporter (Milan Surgical Equipment) was refused payment by a South African Importer (M/s Garth Bank). The South African Government cancelled Elmik Bank's operational license and assigned the transaction and business dealings of Elmik Bank to Simpex Bank. Simpex Bank was reluctant to honour the business deal between Milan Surgical Equipment and M/s Garth as evidence of the transaction was not found in Elmik Bank's records. 


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

Business Government, International Economy