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Volkswagen Law
The Volkswagen Law is a set of German federal laws enacted in 1960, regulating the privatization of Volkswagenwerk GmbH into Volkswagen AG.〔(【引用サイトリンク】title=Gesetz über die Überführung der Anteilsrechte an der Volkswagenwerk Gesellschaft mit beschränkter Haftung in private Hand )〕 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.〔§ 4, Abs.3 of the above referenced law.〕 This part of the law was deemed to violate the "free movement of capital" principle of European company law by EU members. After a series of challenges by EU from 2007 to 2013, the German parliament finally amended the part in 2013 to EU court satisfaction.〔(【引用サイトリンク】url=http://in.reuters.com/article/2013/10/22/court-germany-volkswagen-idINB5N0GL01K20131022 )〕
==Law==
The full title of the law is "''Gesetz über die Überführung der Anteilsrechte an der Volkswagenwerk Gesellschaft mit beschränkter Haftung in private Hand''", usually abbreviated to "''VW-Gesetz''". It was enacted on 28 July 1960, when Volkswagenwerk GmbH was privatized. The state of Lower Saxony held a voting share of 20.2 percent, which gave it the ability to veto major decisions and prevent takeovers by other shareholders, regardless of the extent of the ownership. It also allowed the government of Lower Saxony to appoint two members to Volkswagen's board.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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