{"id":1348,"date":"2019-03-11T01:04:55","date_gmt":"2019-03-10T18:04:55","guid":{"rendered":"https:\/\/capitalcambodia.com\/?p=1348"},"modified":"2019-03-20T09:52:44","modified_gmt":"2019-03-20T02:52:44","slug":"ibm-files-51-million-counter-lawsuit-against-israel-chemicals","status":"publish","type":"post","link":"https:\/\/capitalcambodia.com\/ibm-files-51-million-counter-lawsuit-against-israel-chemicals\/","title":{"rendered":"IBM files $51 million counter lawsuit against Israel Chemicals"},"content":{"rendered":"<p>US Technology giant IBM filed a $51 million counter lawsuit in an Israeli court against Israel Chemicals company (ICL) concerning a dispute over a failed computing project.<\/p>\n<p>Last December, ICL, which manufactures fertilizers, metals and chemicals, filed a $300 million lawsuit against IBM.<\/p>\n<p>ICL alleged that its harmonic information platform, carried out and led by IBM between 2012 and 2016, have failed and caused heavy losses.<\/p>\n<p>ICL also claimed that \u201cIBM\u2019s failures have taken various forms, including poor work, lack of knowledge, experience, resources and skilled personnel.\u201d<\/p>\n<p>According to ICL, it invested $300 million in the project, one third of which was paid to IBM.<\/p>\n<p>In the counterclaim, filed alongside the statement of defense, IBM claimed that \u201cICL refrained from making certain payments, conducted negotiations in bad faith, and terminated the project unilaterally, in a way that harmed IBM\u2019s reputation and goodwill.\u201d<\/p>\n<p>IBM further claims that, in September 2016, ICL notified it unilaterally without prior notice of the termination of the project.<\/p>\n<p>IBM also claimed that \u201cICL\u2019s position and the decline in its profits led to its decision to cancel the project.\u201d (Xinhua\/China Daily)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Technology giant IBM filed a $51 million counter lawsuit in an Israeli court against Israel Chemicals company (ICL) concerning a dispute over a failed computing project.<\/p>\n","protected":false},"author":3,"featured_media":1376,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[20],"tags":[177,179,178,176,48],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - 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