Decision Of The America's Cup Abritration Panel

Published: Mon 9 Dec 2002 09:07 PM
Team Prada Statement On The Decision Of The America's Cup Abritration Panel
The America's Cup Arbitration Panel has ruled that OneWorld has been in breach of the Protocol and that it will be penalized as follows: OneWorld will loose one point in the semifinal of the Luois Vuitton Cup and, if it advances, in the final of the Luois Vuitton Cup and, if it advances, in the Match for the America's Cup. Moreover Oneworld will have to pay US$65.000 to cover the costs of the Panel.
Alessandra Pandarese, legal advisor of Prada Challenge 2003, said: "The decision of the Arbitration Panel, embracing our thesis (Prada and Team Dennis Conner, ndr), has recognized that OneWorld Challenge has been in possession of design information belonging to Team New Zealand, winner of the last America's Cup, thus breaching the America's Cup Protocol. This breach had not been disclosed by OneWorld during the former Panel application they themselves submitted and that led to a one point penalty applied at the end of Round Robin Two."

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