FIBA has claimed that Euroleague Properties and Euroleague Commercial
Assets (ECA) have surrendered in the German court in Munich all
proceedings which they had previously initiated.
They both with drew their motion for a preliminary injunction and
simultaneously waived all rights from the preliminary injunction issued
on 2 June 2016.
This declaration was also made in the name and on behalf of
Euroleague's co-applicants: Fenerbahce, Maccabi Tel Aviv,
Olympiacos,Real Madrid, Gran Canaria, Olimpija Ljubljana, Lietuvos
Rytas, Cedevita Zagreb,Zielona Gora, Unicaja Malaga, Adriatic League and
the Spanish League (ACB).
As a consequence, the court has canceled the hearing originally set for 19 July 2016.
Euroleague will - together with its co-applicants- bear all the costs
of the court proceeding as well as those of FIBA and also FIBA Europe.
Finally, this waiver of rights is also a clear signal that Euroleague
will not appeal against the decision of the Munich court dated 23 June
2016, by which the injunction was annulled upon the motion of FIBA
Europe
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