Case

Educator Copy

MILAN SURGICAL EQUIPMENT (PVT) LIMITED

Naim Sipra, Syed Ifzal Haider, Taimur H Shaique

INDUSTRY :SURGICAL

AREA :BUSINESS GOVT/INTERNATIONAL ECONOMY

ORGANIZATION :-

LENGTH :8

LUMS No :16-282-97-1

PUBLICATION YEAR : 1997

DESCRIPTION

ABSTRACT:

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.