The court hearing scheduled for this morning in the matter of Ferrari versus Mike Coughlan has been cancelled after the Italian team and the McLaren chief designer reached an agreement late last night.
Autosport.com understands Coughlan and his wife Trudy have agreed to submit a sworn affidavit to Ferrari outlining all they know in the espionage affair and continue to cooperate with Ferrari's investigation.
In return, Ferrari have agreed to withdraw their request to the High Court to make the information and material collected - including the affidavit - in their application against Coughlan, available to the Modena district attorney in Italy.
Coughlan did not provide his affidavit yesterday as it was unclear if it could be self-incriminating and used against him in criminal proceedings in Italy.
The Modena district attorney opened criminal investigation against Ferrari stalwart Nigel Stepney, after the Italian outfit filed a formal complaint against the Briton.
It remains to be seen whether any further court hearings will be scheduled in London over this affair.