America's Cup Appeal goes Alinghi's way

In a surprise decision a majority of the Appellate Division of the New York Supreme Court have determined that Club Nautico Espanol de Vela, the much discredited Challenger of Record chosen by the Defender Societe Nautique de Geneve, did comply with the requirements of the Deed of Gift.

The Court decision which did not receive the sanction of two of its senior members, including Chief Judge David Saxe, held that the words ‘having it annual regatta’ did, in 1896 usage mean some future action.