Complicated claim for damages for cancellation of a contract in a relevant company in the automotive industry
Context:
An automotive company in the process of consolidating its change in strategy, business and expansion, signed an agreement with a major global racing organizer to host a high-level event at its facilities for 3 years. The organizer not only cancelled the contract in advance, but also transferred the races to a competitor, seriously damaging the Company’s image and its positioning in the market.
How we helped:
In an initial phase:
- Work was carried out to identify the damages caused (consequential damages, loss of profits and moral damages), both qualitatively and quantitatively (across all Group companies).
- We helped to determine the best strategy to follow in order to make the claim together with the Company’s lawyers.
In a second phase:
- An expert report was drawn up, claiming the damages caused.
- An expert counter-report to the report provided by the organizer was carried out, highlighting the inconsistencies in the arguments put forward and the lack of transparency in the information provided.
Result: