Can the UCI pound a square peg into a round hole?

Earlier today the Court of Arbitration for Sport (CAS) announced it has decided to uphold Team Katusha's appeal of the International Cycling Union's (UCI) decision not to issue a WorldTour license to the Russian team.

We analyze possible motives behind the UCI's exclusion of Katusha Team from the 2013 WorldTour, which has left Katusha in a cold and bleak midwinter of discontent. We look at possible effects of the exclusion of Team Katusha and the inclusion of Argos-Shimano and Saxo-Tinkoff.