Court orders Qumak to pay Oracle Polska PLN 8.2 mln

District Court in Warsaw ordered IT group Qumak to pay Oracle Polska liabilities in the amount of PLN 8.2 million. The liabilities are resulting from technical assistance services provided by Oracle Polska to Qumak clients, the company said. Qumak is holding talks with creditors on debt restructuring, under which the repayment schedules are adjusted to the company's plans in 2018 and subsequent years, IT group informed. "The Management Board also undertakes discussions with Oracle Polska to achieve a mutually satisfying solution and agree on the method of repayment of liabilities," it added. The order is not legally valid yet.  Qumak is entitled to appeal it within two weeks.