::Volkswagen Law
::concepts
The Volkswagen Law is a set of German federal laws enacted in 1960, regulating the privatization of Volkswagenwerk GmbH into Volkswagen AG.<ref>{{#invoke:citation/CS1|citation
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}}</ref> In order to maintain government control in the privately owned company, it stipulated that the votings on major shareholder meeting resolutions require 4/5th(80%) agreement.<ref>§ 4, Abs.3 of the above referenced law.</ref> This part of the law was deemed to violate the "free movement of capital" principle of European company law by EU members.<ref>{{#invoke:Citation/CS1|citation
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}}</ref> After a series of challenges by EU from 2007 to 2013, the German parliament finally amended the part in 2013 to EU court satisfaction.<ref>{{#invoke:citation/CS1|citation
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Volkswagen Law sections
Intro Law Challenges and the EU court ruling Outcome References External links Further reading
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Title::porsche Germany::february German::european October::court March::business Article::illegal
The Volkswagen Law is a set of German federal laws enacted in 1960, regulating the privatization of Volkswagenwerk GmbH into Volkswagen AG.<ref>{{#invoke:citation/CS1|citation
|CitationClass=web
}}</ref> In order to maintain government control in the privately owned company, it stipulated that the votings on major shareholder meeting resolutions require 4/5th(80%) agreement.<ref>§ 4, Abs.3 of the above referenced law.</ref> This part of the law was deemed to violate the "free movement of capital" principle of European company law by EU members.<ref>{{#invoke:Citation/CS1|citation
|CitationClass=journal
}}</ref> After a series of challenges by EU from 2007 to 2013, the German parliament finally amended the part in 2013 to EU court satisfaction.<ref>{{#invoke:citation/CS1|citation
|CitationClass=web
}}</ref>
Volkswagen Law sections
Intro Law Challenges and the EU court ruling Outcome References External links Further reading
| PREVIOUS: Intro | NEXT: Law |
| << | >> |