P1racenews AI automatic summary:
Haas is at the centre of legal trouble with former F1 sponsor Uralkali, who is demanding money to be payed back after the contract between the pair was terminated in 2022.
The Haas F1 team’s assets, such as the cars and racing equipment, are currently stuck in the Netherlands without payment to its former sponsor Uralkali, as reported by RacingNews365. Uralkali had requested the payment following their termination as Haas’ title sponsor due to the conflict in Ukraine. Despite prior payment to the sponsor, a Swiss arbitration agency ruled in Uralkali’s favor, ordering Haas to settle the remaining dues. The sponsor has urged Haas to resolve the matter promptly. Failure to comply could result in legal consequences as outlined by Uralkali’s legal representative, Jurjen de Korte. Haas has acknowledged the situation and expressed the expectation of making the €12 million payment, without interest, before the end of the week, according to team principal Ayao Komatsu.
