10-06-2007, 01:39 AM
The example of KTH and RACO as you mentioned confirms the point that if the associated firms do not agree to merge one of them has to leave membership. I guess that is why RACO left the association. Another thing which I have heard in this regard is RACO left the membership as its senior partner denied to retire at the age of sixty (which was against the agreement). I guess presently in Pakistan we do not have any example of two firms having association with single international firm