First, if the court finds that Ferrari has a legal veto power then the FIA is in big trouble.
More interesting is the following quote:
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'So how can the FIA make the cost-cutting regulations?', you may well ask. Well the answer, according to Ecclestone, is: "They can't really. The teams allow them." He explains that the FIA has been writing the regulations because the teams haven't opposed it. However, by suggesting the budget cap, Mosley looks to have tipped the balance and the teams are no longer playing ball.
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I found here:
http://www.pitpass.com/fes_php/pitpa...s_art_id=37912
If this article is correct then it's pretty obvious that the FIA is simply Mosley's puppet with respect to F1. Given Mosley's survival of the sex scandal it would appear that they neither have the power or the balls to jettison Mosley.