Notification

×

Source: Agency

Haas F1 rejects Uralkali's claim for $13 million in damages

| 14.4.22 |
    Share

Haas F1 rejects Uralkali's claim for $13 million in damages

 Haas F1 has reportedly rejected Uralkali's claim for $13 million in compensation paid earlier this season. The team from the United States instead demanded Uralkali in the amount of 8.6 million US dollars as compensation for the losses received by Haas. For information, the contract between Haas and Uralkali, a Russian company, ended in the middle of the road following the country's invasion of Ukraine. 

Haas also terminated the contract with the driver, Nikita Mazepin, as well as Uralkali who incidentally belonged to his father ahead of the second pre-season test of F1 2022. The decision to terminate the contract had to be taken by Haas, following heavy public pressure to boycott Russian matters. As if not accepting, Uralkali demanded Haas to return all sponsorship money that had entered during the preparation period for F1 2022. 

"Because most of the sponsorship funds for the 2022 season have been transferred to Haas and considering the team terminated the agreement before the first race, Haas failed to carry out its duties and obligations for Uralkali, this year," said Uralkali. "Uralkali will ask for an immediate reimbursement of the amount (already) received by Haas," continued the Russian potash fertilizer producer and exporter. However, in a letter, Haas rejected the accusations of his former sponsor. 

Moreover, to compensate for losses of up to hundreds of billions. "According to unanimous jurists and case law experts, the party who terminates the agreement due to the violation of the other party is under no obligation to return to that party what it has received under the agreement." "Uralkali's claim to get an advance payment of $13 million is therefore baseless and has been rejected," Haas said in a statement. 

Haas has asked Uralkali $8.6 million for what they consider a loss if the partnership continues. Haas also confirmed that he would not give Nikita Mazepin the 2021 F1 car he was driving until his claim was paid by Uralkali. Not only sponsorship, Nikita Mazepin reportedly has not received a salary from Haas while working with the team for the 2022 season. Given the tough claims of both camps, it is not impossible that the dispute between Haas and Uralkali will continue to court.

×
Latest news Update