Giedo van der Garde has confirmed he is dropping his legal pursuit to compete in the Australian Grand Prix with Sauber 'in the interests of motorsport'.

van der Garde took Sauber to court after it reneged on a contract to offer him a race drive for 2015, the team opting to sign Felipe Nasr and Marcus Ericsson instead.

The Supreme Court subsequently agreed with his case and stipulated that Sauber was obliged to offer him a race drive, essentially leaving the team with three contracted drivers for two available seats ahead of the Melbourne opener.

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However, with the case continuing to rumble on well into the race weekend and no obvious solution available, van der Garde says he will pause his attempts to acquire his 'legal right' of a Sauber race drive for this event in the interests of the sport.

"With respect to the interest of motorsport, and F1 in particular, I have decided to give up my legal rights to race this weekend at the Melbourne Grand Prix," he said in a statement.

"As I am a passionate race driver this decision has been very difficult for me. However I also wish to respect the interest of the FIA, Sauber Motorsport, as well as Nasr and Ericsson.

"My management will continue talks with Sauber early next week to find a mutually acceptable solution for the current situation that has now arisen.

"I am confident such solution will be found and I will inform the media once done."

Regardless of the court ruling, van der Garde's hopes of racing in Australia had appeared slim as he does not currently possess a superlicence, though it remains to be seen whether his description of a 'mutually acceptable solution' will take the form of continuing to pursue the drive for the Malaysian Grand Prix or whether he will attempt compensation.

It means Ericsson and Nasr - who missed FP1 but did partake in FP2 - are free to race this weekend, but it is yet to be determined whether team principal Monisha Kaltenborn will face further action after lawyers for van der Garde sought her arrest.