Flavio Briatore has confirmed that he will proceed with legal action against F1 governing body the FIA for the loss of earnings he suffered from his role as a driver manager after he was indefinitely barred from the sport over the 'Singapore-gate' race-fixing scandal.

Briatore's effective lifetime ban from involvement in any FIA-sanctioned form of motor racing was sensationally overturned by the Tribunal de Grande Instance in Paris earlier this month, after the French High Court deemed the procedural nature of the World Motor Sport Council (WMSC) hearing that meted out the Italian's punishment last September to have been both 'irregular' and 'illegal'.

In delivering its verdict, the court also awarded Briatore EUR15,000 in compensation - but now the ex-Renault F1 managing director has signalled his intention to sue the FIA for further damages after a number of competitors left his driver management stable under the threat of not being issued super-licences should they fail to cut all ties.

"We lost [Fernando] Alonso, we lost [Heikki] Kovalainen, we lost several drivers," the 59-year-old told British newspaper the Daily Telegraph. "We will sue the FIA for the money we lost."

The FIA has announced that it will appeal the High Court ruling, which has allowed both Briatore and former Renault F1 executive director of engineering Pat Symonds - who was originally banned for five years for having colluded in the plot to cause a deliberate crash involving Nelsinho Piquet in order to enable team-mate Fernando Alonso to triumph in Singapore in 2008 - to return to working in the top flight should they so wish.