This is the first time the Malaysian courts are to deal with this issue.

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It will begin testing next week, and be driven for the first time by Schumacher and Barrichello after the Malaysian Grand Prix on 20 March.

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When another Malaysian telecoms company, Sapura, made a lower bid for Time, it was briskly rejected.

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The new Malaysian-backed team brought the Lotus name back into F1 for the first time since 1994, when Team Lotus collapsed because of financial reasons.

BBC: Lotus set to switch to Renault engines next season

But with the Malaysian plan's demise, offshore processing is dead, at least for the time being.

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