Ferrari cancels hearing

In light of the hearing in the High Court in London on Tuesday, relating to the case between Ferrari S.p.A. and the Coughlans, the Italian team issued a statement in order to make it clear that the legal teams on both sides had reached an agreement on two procedural points that were to be discussed in a further hearing on Wednesday morning.

Therefore, the hearing in which these procedural points were to be discussed was cancelled.

“Mike Coughlan has provided Ferrari with an affidavit relating to relevant facts and Ferrari has agreed not to forward the affidavit to the Italian criminal authorities," they said. “The agreement reached between the parties therefore concerns only the procedural aspects mentioned above. The case brought by Ferrari in England against the Coughlans therefore continues in terms of what is decided by the High Court in London."