Groupama sailing team's protest against CAMPER with Emirates Team New Zealand was dismissed after deliberation by the international jury after the first Inport Race in Alicante.
The protest was related to the forestay set-up on CAMPER, which was the subject of an application made to the independent arbitration panel earlier this month.
Camper uses a forestay system which allows for the the adjustment of the stay. They are the only competitor to utilize such a system.
Groupama made the protest immediately after finishing the Iberdrola In-Port Race, the first competitive action of the Volvo Ocean Race 2011-12.
The rejection means the results of the race stand. Abu Dhabi Ocean Racing won the race, followed by PUMA Ocean Racing powered by BERG, with CAMPER finishing in third. Team Sanya were fourth, ahead of Groupama and Team Telefónica.
'We've always been confident that we were legal,' said CAMPER skipper Chris Nicholson. 'We hope this is an end to it.'
Two applications were made earlier in October claiming the Volvo Open 70 Interpretation Group had, in interpreting a class rule, changed that rule, something not permitted in the class rules and in the Notice of Race. The first application was made by Abu Dhabi Ocean Racing and PUMA Ocean Racing powered by BERG on October 11. The second was made by Team Telefónica the following day.