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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   

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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: IntroNEXT: Law
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