SCICOM

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MATERIAL LITIGATION Application for an Interim Injunction Filed by Informatics International Limited Against Scicom (MSC) Berhad, Scicom Lanka (Pvt) Ltd and Six (6) Employees of Scicom Lanka (Pvt) Ltd

SCICOM (MSC) BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Application for an Interim Injunction Filed by Informatics International Limited Against Scicom (MSC) Berhad, Scicom Lanka (Pvt) Ltd and Six (6) Employees of Scicom Lanka (Pvt) Ltd

Scicom (MSC) Berhad (Company No. 200201029763 (597426-H)) (the “Company”) wishes to announce that on the 29th of November 2019, the Company has been served with an Application for an Interim Injunction against the Company and its wholly-owned subsidiary namely Scicom Lanka (Pvt) Ltd (“SLPL”) along with six (6) employees of SLPL which is fixed for hearing on the 9th of December 2019 at the Commercial High Court of Colombo, the Democratic Socialist Republic of Sri Lanka (“Sri Lanka”). The Application for the Interim Injunction was filed by Informatics International Limited (“IIL”), a company incorporated in Sri Lanka. IIL is seeking to restrain its ex-employees currently employed by SLPL, the Company and SLPL from engaging in the provision of certain consultancy and solution services. There is no monetary claim sought in this action.

 

The Company has appointed Counsel in Sri Lanka to represent its interests and that of its employees.

 

The Company has sought and obtained legal advice that the Application for the Interim Injunction filed by IIL is frivolous and without merit.

 

The Application for the Interim Injunction has no material financial or operational implications to the Company.

 

The announcement is dated 2 December 2019.






Announcement Info

Company Name SCICOM (MSC) BERHAD
Stock Name SCICOM
Date Announced 02 Dec 2019
Category General Announcement for PLC
Reference Number GA1-02122019-00098