25/11/2009
NEWS STORY
The Tribunal de Grande Instance in Paris has rejected the legal claim by F1 hopeful N.Technology following its unsuccessful attempt to enter the 2010 Formula One World Championship.
N.Technology's parent company MSC took the FIA to court in Paris claiming to have been rejected by the FIA for choosing to use a powerplant other than Cosworth.
Although the case was heard earlier this month, the verdict has only now been officially confirmed.
A brief statement on the FIA website reads as follows:
"The Tribunal de Grande Instance in Paris has upheld the FIA's selection procedure for new teams in the 2010 FIA Formula One World Championship and rejected a legal action filed by UK company MSC, one of the unsuccessful candidates. The court rejected all points raised by MSC and ordered the company to pay the FIA's legal costs.
MSC was one of 15 new organizations to submit an application to compete in the championship in 2010. The FIA's selection procedure involved a thorough due diligence process on all applications with the assistance of financial auditors Deloitte & Touche and other technical experts."