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IBID considering its own legal action following TechFinancials JV collapse

29th July 2016 6:54 am GMT

IBID Holdings has reacted to the threat of legal action from TechFinancials by pledging its own challenge against its former joint venture partner.

 TechFinancials cancelled a joint venture agreement with IBID on Wednesday, accusing it of breaching a number of key terms of the deal.

It alleged that IBID failed to pay a $300,000 initial investment into a project that would have seen it operate one of the binary options provider’s customer-facing white label sites, as well as [...]

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