In this paper we demonstrate the first example of a finite translation plane which does not contain a translation hyperoval, disproving a conjecture of Cherowitzo. The counterexample is a semifield plane, specifically a Generalised Twisted Field plane, of order $64$. We also relate this non-existence to the covering radius of two associated rank-metric codes, and the non-existence of scattered subspaces of maximum dimension with respect to the associated spread.