Brief: Tyro Payments Announces Commencement Of Proceedings Against Kounta

Tyro Payments

04/09/2023 02:37

Sept 4 (Reuters) - Tyro Payments Ltd  TYR.AX :
    * COMMENCEMENT OF PROCEEDINGS AGAINST KOUNTA PTY LTD
    * COMMENCED PROCEEDINGS IN SUPREME COURT OF NEW SOUTH WALES
AGAINST KOUNTA PTY LIMITED
    * CONSIDERS KOUNTA HAS BREACHED ITS LEGAL OBLIGATIONS TO
TYRO BY
OFFERING COMPETING PRODUCT IN LIGHTSPEED PAYMENTS TO TYRO
MERCHANTS
    * BECOME AWARE THAT KOUNTA IS MARKETING TO TYRO MERCHANTS
AND
ENCOURAGING THEM TO ADOPT LIGHTSPEED PAYMENTS AS THEIR PAYMENT
SOLUTION
    * TYRO SOUGHT TO RESOLVE MATTER COMMERCIALLY WITH KOUNTA,
PARTIES
NOT BEEN ABLE TO REACH RESOLUTION THAT IS ACCEPTABLE TO TYRO
    * SOUGHT ORDERS FROM SUPREME COURT INCLUDING RESTRAINING
KOUNTA
FROM BREACHING CONTRACTUAL NON-SOLICITATION OBLIGATIONS, AMONG
OTHERS

Source text for Eikon:  ID:nASXCN98r 
Further company coverage:  TYR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))