Renault have been found guilty of being in possession of McLaren intellectual property at a hearing in Monaco today, however the team will not be penalised.

“An extraordinary meeting of the World Motor Sport Council was held in Monaco on December 6, 2007,” read the FIA statement.

“The World Council found Renault F1 to be in breach of article 151c of the International Sporting Code but imposed no penalty.

“Detailed reasons for this decision will be issued on December 7, 2007, and a transcript of the proceedings will be published as soon as possible thereafter.”

McLaren are also due in front of the FIA tomorrow, when it will be decided whether their 2008 car incorporates Ferrari intellectual property.