Group Lotus has won its High Court battle with Team Lotus over the use of the Lotus name in Formula One.
Mr Justice Peter Smith delivered his verdict today, some two months after the case was heard. He decided that only Group Lotus, through its sponsorship of the Renault team, had the right to compete in F1 under the Lotus Racing banner and it was to be awarded damages for the breach of this by Team Lotus parent 1Malaysia Racing Team (1MRT).
Group Lotus also has the right to compete in F1 using the historic black-and-gold livery, Mr Justice Peter Smith ruled.
But, confusingly, he also stated that Team Lotus retained the right to race in Formula One under its existing name.
"Accordingly, Group Lotus is seeking leave to appeal so that the right to use the Lotus brand in Formula 1 is clarified once and for all in the interests of the sport and the fans," Group Lotus said in a statement. "Group Lotus and its shareholder Proton Holding Bhd are confident of success on appeal."