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Synagie, third-party service provider to undergo mediation to settle legal disputes

E-COMMERCE solutions provider Synagie Corporation announced after trading hours on Wednesday that it has commenced legal proceedings against a third-party service provider for a breach of contract in Singapore's High Court and is claiming a sum of S$751,971.25.

In response to the claim, the third-party service provider has filed a counterclaim against Synagie on June 14, 2019 for a breach of the same contract and is claiming a sum of S$1.17 million.

The parties are concurrently making an attempt at resolving the disputes by way of mediation through the Singapore Mediation Centre which has been scheduled for early-2020.

In a bourse filing, Synagie said that it has been advised by its litigation counsel that any disclosures on the claims, including particulars of the name of the third-party service provider and the nature of the service provided, would have an "adverse impact on the chances of parties entering into the mediation and at this juncture".

sentifi.com

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The company said that it will make further announcements as and when there are material developments in this matter.