Lucien Masmejan, SNG lead counsel, issued the following statement: "We believe Justice Cahn was receptive to our arguments that there is a tolling period during the legal process that suspends preparations towards an America s Cup Match until a court order is issued. The Deed of Gift stipulates a 10-month notice period which should be suspended during the legal procedure, therefore the only feasible date for this competition is after 1 May 2009 due to the restrictions for racing in the Northern Hemisphere imposed by the Deed. It is unfortunate that we do not yet have a date for the 33rd America's Cup as this means we are still not in a position to properly prepare our defence. Justice Cahn agreed that the fight for the America s Cup must be on the water in a proper sporting competition and not in court. We hope for a favorable outcome shortly."
Justice Cahn to issue new court order on dates for America s Cup Deed of Gift Match
Lucien Masmejan, SNG lead counsel, issued the following statement: "We believe Justice Cahn was receptive to our arguments that there is a tolling period during the legal process that suspends preparations towards an America s Cup Match until a court order is issued. The Deed of Gift stipulates a 10-month notice period which should be suspended during the legal procedure, therefore the only feasible date for this competition is after 1 May 2009 due to the restrictions for racing in the Northern Hemisphere imposed by the Deed. It is unfortunate that we do not yet have a date for the 33rd America's Cup as this means we are still not in a position to properly prepare our defence. Justice Cahn agreed that the fight for the America s Cup must be on the water in a proper sporting competition and not in court. We hope for a favorable outcome shortly."