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Article: Ciba Fails To Get Relief For Breach Of Its Confidentiality Agreement.(Sequent Scientific Ltd.)
- Article from:
- Mondaq Business Briefing
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ciba Inc. in a move against Sequent [Ciba Inc. & Anr. v. Sequent Scientific Ltd & Ors. Notice of Motion No.3472 OF 2009 in Suit No.2501 of 2009] alleged them for breach of confidentiality before the High Court of Bombay. A confidentiality agreement had been entered into between Ciba's co-party and Sequent. Ciba engaged in manufacture and sale of specialty chemicals, exists under the laws of Switzerland. Sequent is a Company incorporated under the Companies Act, 1956 and carries on business of manufacturing chemicals as commissioned by and under licence from Ciba. Ciba stated that in or about 1998 they developed through extensive in-house research and development, a process ...