Renault has welcomed the FIA International Court of Appeal's decision to overturn its one-race suspension. The team will now be allowed to compete in this weekend's European Grand Prix in at Valencia after acknowledging that it broke the sport's regulations when it released Fernando Alonso from a pitstop before his front right wheel had been secured.
The court determined that it was not necessary to prevent Renault from racing in Spain and instead issued a reprimand and a fine of $50,000.
A statement released by Renault this afternoon said: "The team accepts that the decision of the FIA to issue a reprimand and a $50,000 fine is fair and balanced.
"The ING Renault F1 team now looks forward to concentrating on preparations for racing this weekend in Valencia."