Haas refuses to return 12 million euros to Mazepin’s father

A few days after the Russian invasion of Ukraine, Haas terminated its cooperation with Nikita Mazepin, as well as its cooperation with Uralkali, Mazepin’s father’s company, with Dmitry Arkadievich Mazepin suing Haas, accusing it of unilateral termination of the contract, asking for all the money already paid for the development, development and construction of this year car.

This amount amounts to 13 million euros, with Uralkali asking for an additional 8 million euros as compensation for “loss of profits”.

Haas rejects Uralkali’s request and in a letter to the Russian company insists that it had the right to terminate the agreement due to a condition in the contract they signed, a clause that triggers a clause stating that Haas may terminate the contract unilaterally. with Uralkali, if the latter tarnishes Haas’s reputation and image.

Haas claims that Mazepin’s ties to the Kremlin and the sanctions imposed by the European Union are enough to activate the clause, with Uralkali saying that Haas unilaterally terminated the contract before the sanctions were imposed on Mazepin.

The case apparently will be resolved in court.

Source: Autoblog.gr by www.autoblog.gr.

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