Aerolab statement - Force India to pay over one million euros

FORCE INDIA ORDERED TO PAY ONE MILLION PLUS DAMAGES TO AEROLAB The Queen's Bench Division in the High Court of Justice in London has issued an order compelling Force India to pay 1,074,730 euros, plus damages and interest at the rate of 8%, to...

FORCE INDIA ORDERED TO PAY ONE MILLION PLUS DAMAGES TO AEROLAB

The Queen's Bench Division in the High Court of Justice in London has issued an order compelling Force India to pay 1,074,730 euros, plus damages and interest at the rate of 8%, to Aerolab.

Such an order is the first firm result in the dispute between the two companies over unpaid fees for services rendered by Aerolab to Force India.

As a result of the retaliatory action already taken by Force India, it is expected that Aerolab's Director, Mr Jean Claude Migeot, will soon be charged pursuant to a criminal complaint filed in Bologna. Aerolab is confident in the positive outcome of all judicial matters in this affair.

It appears that Force India's strategy will be to try and force Aerolab into a settlement that the company has no intention of accepting. The upcoming Italian Grand Prix at Monza, during which Force India's assets will be present under Italian jurisdiction, could trigger further exchanges of action between the two parties.

-source: aerolab

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Series Formula 1
Teams Force India