The dispute between Mercedes GP and its supposed sponsor, Henkel, appears to have been resolved, according to the latest reports.
The case was unearthed last week, when it was revealed the ex-Brawn GP outfit was involved in a sponsorship dispute worth €90M.
Henkel, which provides home care, personal care and treatment products for surfaces claimed that the 3-year agreement signed with the team in July was invalid as the individual to have confirmed the contract (who has since left Henkel) was not authorised to do so.
"Brawn GP announced today that the differences between Brawn GP and Henkel with regard to a Formula 1 sponsorship have been resolved by mutual agreement," reads a statement from Mercedes GP. "All potential claims will be dropped. As a consequence, all court proceedings will be withdrawn.
"The new Formula 1 Team Mercedes GP Petronas together with the colleagues from the former Formula 1 Team Brawn GP will continue to cooperate with the Prosecutor’s Office and assist in the further clarification of the matter."
Doesn’t sound like it’s been completely put to bed then!
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