KINGSTON, Jamaica — The following is a statement from GraceKennedy following a ruling handed down by the court of appeal today:

The Court of Appeal today handed down judgment in the case brought by Paymaster against GraceKennedy’s subsidiary, GraceKennedy Remittance Services Limited (GKRS) and Paul Lowe. The Court allowed one of Paymaster’s thirteen grounds of appeal, while dismissing the appeal against the judgment awarded to Mr. Lowe. Paymaster’s appeal in relation to copyright was dismissed.

GraceKennedy has advised that while the Court’s decision is respected, based on advice from its attorneys-at-law, the company is confident that it has a strong basis for appeal.

The company has further advised that it has instructed its attorneys, Michael Hylton QC and Courtney Bailey instructed by DunnCox, to apply for permission to appeal to the Privy Council.

In August, 2000, Paymaster filed suit jointly against GKRS and software developer, Paul Lowe, claiming damages arising out of the use by GKRS of certain software, to which Paymaster alleged it owned copyright. In April of 2010, the Supreme Court ruled in favour of GKRS and the developer on all claims. In June of that year, Paymaster filed an appeal against the Supreme Court’s decision. The appeal was heard in September 2013.