News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Force India plays down Monza assets seizure rumours - August, 2010

Aug.25 (GMM) Force India has played down reports the team's assets might be seized while it is at Monza for the Italian grand prix next month.

A legal spat between the Silverstone based team and an Italian wind tunnel company has resulted in Force India being ordered to pay more than EUR 1 million to Aerolab.

Aerolab said in a statement last week that Force India's presence at Monza next month "could trigger further exchanges of action between the two parties".

But a Force India spokeswoman has played down the prospect of the team's assets being seized due to non-payment of the High Court judgement.

She said there is a separate action involving the alleged use of Force India's intellectual property, because Aerolab used a disputed wind tunnel model as the basis of Lotus' 2010 car.

"The court determined the two cases should be considered separately and ordered Force India to release the EUR 1,074,000 lodged with the court and also pay associated costs," the spokeswoman is quoted by Reuters.

"Force India is in the process of complying with the court's instructions and actively progressing the IP litigation," she added.

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top