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The FIA has finally drawn a line under its row with former Renault boss Flavio Briatore after agreeing a resolution that will allow the Italian to return to Formula 1 from 2013.

Motor sport's world governing body banned Briatore from F1 for life for his involvement in the ‘crashgate’ scandal at the 2008 Singapore Grand Prix.

Earlier this year, the Tribunal de Grande Instance in Paris overturned the judgment, only for the FIA to launch an appeal.

However, negotiations between lawyers representing both parties have continued, resulting in a resolution which sees Briatore and Renault’s former engineering boss Pat Symonds suspended from F1 until January 1, 2013.

An FIA statement said: "After discussions between their lawyers and those of the FIA, Mr Flavio Briatore and Mr Pat Symonds have each made a settlement offer to the FIA president with a view to putting an immediate end to the legal proceedings.

"Each of them recognising his share of responsibility for the deliberate crash involving the driver Nelson Piquet Junior at the 2008 Grand Prix of Singapore, as team principal of Renault F1 where Mr Flavio Briatore is concerned, they have expressed their regrets and presented their apologies to the FIA.

"They have undertaken to abstain from having any operational role in Formula 1 until December 31, 2012, as well as in all the other competitions registered on the FIA calendars until the end of the 2011 sporting season.

"They have also abandoned all publicity and financial measures resulting from the judgment of January 5, 2010, as well as any further action against the FIA on the subject of this affair.

"In return, they have asked the FIA to abandon the ongoing appeal procedure, as well as to waive the right to bring any new proceedings against them on the subject of this affair.

"The FIA president has considered that it is in the best interests of the FIA not to allow the perpetuation of these legal disputes and thus to accept this settlement solution, thereby putting an end to this affair."