Thursday, January 27, 2011

Dispute on Name "lotus"

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There is fight for the right to use the name Lotus in Formula One. The upcoming season will start with two teams using the historic F1 brand.

A British HC judge dismissed an application on Monday for an immediate summary judgment on part of the complex dispute, and instead set a trial to begin on 21 March, after the start of the 2011 season in Bahrain.

Team Lotus, run by Air Asia entrepreneur Tony Fernandes, used the name in F1 last season.Team claiming that it had legally acquired the rights from the remnants of the old F1 team.

However Group Lotus, the road-car division of the company, claims it had the rights to the name and has now entered F1 as a major backer of the Renault team.

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