Justice Herman Cahn of the New York Supreme Court has dismissed GGYC's application for an injunction against SNG, and has ruled that both parties must submit written arguments ahead of an October 22nd, 2007 hearing date to resolve the issue of validity of CNEV's challenge.
As we went to press, we had not heard any reaction from GGYC.
Alinghi's website statement (Here):
More Good News for SNG as New York Court does not grant Injunction
The Judge set the 22 October as the date to hear legal arguments to resolve the central issue, which focuses on the validity of Club Náutico Español de Vela (CNEV), the Spanish challenge, accepted by the SNG after winning the 32nd America’s Cup.
The Spanish challenge, CNEV, also advised the Court that it will intervene in the case as a party so as to reinforce and confirm its legal standing as Challenger of Record for the 33rd America’s Cup.
Importantly, this is the second successful legal outcome in only a matter of days, following the America’s Cup Arbitration Panel’s ruling over the weekend that declared legitimate the Challenger of Record, and that the 33rd Protocol complies with the Deed of Gift.