Business Daily from THE HINDU group of publications
Wednesday, Jul 19, 2006
Business Daily from THE HINDU group of publications Wednesday, Jul 19, 2006 |
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Info-Tech
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Corporate Disputes
Our Bureau
The US-based Beckman Coulter, in its quarterly report filed with the Securities and Exchange Commission, has reported that Wipro is claiming damages from it. Beckman Coulter India, according to Wipro, had gone against the contract and hired a number of its current and former employees. Wipro was the former distributor for Beckman Coulter India, a provider of instrument systems and products that simplify and automate processes in life-science and clinical labs. Wipro has expressed that the poached employees had years of industry experience, and the loss would not be easily gotten over. Taking the advice of the Delhi High Court, which found the Indian unit of Beckman guilty for violating the contract, which had a non-solicitation clause, Wipro has now demanded a sum of € 18 million as damages. It has formally initiated arbitration against Beckman Coulter International SA, the Beckman Coulter unit that entered the original contract with it. The arbitration is set to take place in Switzerland.
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