P1racenews AI automatic summary:
The Haas legal battle with Uralkali has taken another twist.
Haas firmly rebuts Uralkali’s claims following a recent arbitration ruling in Switzerland. The team terminated its title partner agreement with Uralkali after Russia’s invasion of Ukraine, also cutting ties with driver Nikita Mazepin. The arbitration verdict stated that Haas had “just cause” to terminate the contract and is not obligated to pay compensation. Despite this, the team must refund a portion of the sponsorship fee post-termination, with difficulties arising due to financial restrictions on transactions with Russian entities. The arbitration panel highlighted the global trend of severing ties with Russian-affiliated organizations post-invasion, justifying Haas’s decision to end the agreement.
