Compensation for damages clause samples

4. Plaintiff : H&V Van Mele N.V. Defendant : SQM Europe N.V. and its insurance companies. Date : July 2013. Court : Commercial Court of Dendermonde. Reason : Alleged indirect responsibility for the absence of adequate specifications for the SOP–WS by the Belgian distributor. Status : Judgment stage. Nominal value : ThUS$430. 5. Plaintiff : Carlos Aravena Carrizo et al. Defendant : SQM Nitratos S.A. and its insurers. Date : May 2014. Court : 18th Civil Court of Santiago. Reason : Lawsuit seeking compensation for damages for alleged civil liability under tort as a result of an explosion that occurred during 2010 near Baquedano, causing the death of 6 employees. Status : Evidence. Nominal value : ThUS$1,235. 6. Plaintiff : Corporación de Fomento de la Producción (“Corfo”). Defendant : SQM Salar S.A. (“SQM Salar”); SQM Potasio S.A. and the Company Date : May 2014. Court : Arbitration court.Arbitrator Mr. Héctor Humeres Reason : (a) Lease Contract (“the “Lease”) early termination action filed on November 12, 1993 by Corfo for (i) alleged failure to fully pay the quarterly lease payments associated with certain products during 2009-2013; and (ii) alleged absence of boundary demarcation of mining properties seeking compensation for damages for other related contracts among other matters involving compensation for damages. (b) Request filed by Corfo for early Project Contract termination associated with the contract entered into on November 12, 1993 and other related contracts, among other matters involving compensation for damages; and (c) Request filed by SQM Salar and the Company to state whether lease payments made by SQM Salar under the Lease comply with the agreement entered into by the parties and whether the rent formula applied has been useful for Corfo. Status : Evidence stage. Nominal value : Not determined.