Regulations

Purpose

Madonnaclaim  aims to adequately compensate its claim participants, but cannot guarantee a result. Through our efforts, we will reach a settlement for you, or legal proceedings will be initiated. It is exclusively at the discretion of Madonnaclaim whether this step – initiating civil proceedings – is taken.

Participation

You can become a participant by signing up on Madonnaclaim’s form. By participating, these regulations will apply.

Authorization

By registering, you authorize the board of Madonnaclaim to represent and act on your behalf in full freedom of action in consultations about possible settlements and/or in legal proceedings. This power of attorney will last until expressly revoked by you. You further authorize Madonnaclaim to receive any potential compensation on your behalf, subject to the resolutive conditions that 85% of such compensation is paid to you.

Specialists

Madonnaclaim engages legal specialists for litigation on a no cure no pay basis. All costs of these specialists will be paid by Madonnaclaim. This means that if no result is achieved for you, you do not have to pay anything. Never. 100% guaranteed.

Percentage in case of profit

If a result is achieved for you, you will only owe the established percentage calculated on the amount you receive. This percentage is 15% in the case of out-of-court settlements – i.e. when no proceedings need to be initiated – and also 15% in the event that court proceedings need to be conducted. In case there is already an existing compensation scheme in the claim, you will only pay the established percentage on the excess you receive.In proceedings and/or negotiations, a claim in the amount of your contribution – the percentage established for the claim – will be included. Therefore, there is a good chance that all or part of your contribution can be recovered from the liable party.

Information

Through newsletters by email, general emails and information on the website, participants are kept informed about progress and developments.

Funding of claims

Madonnaclaim may cooperate with third parties if it is in the interest of the claim. Madonnaclaim may also cooperate with other interest groups in certain claims, if Shareholder Interests deems it appropriate. These collaborations do not affect the set percentage to be remitted by you in the event of success. Your contribution will always be limited to the percentage at success agreed upon at application.

Privacy

Your privacy and the protection of personal data is essential to our activities. Therefore we would like to inform you clearly and transparently about this. Madonnaclaim processes and uses your personal information in a secure manner in accordance with the privacy rules. We never disclose your personal data to third parties other than Madonnaclaim, unless it is necessary for the performance of the services for which you have registered with us or if you have given us your express consent to do so. We ensure that these parties treat your data as carefully as we do.