Court ruling on "golden shares" paves way for new proposal on take-over directive
The European Court of Justice on 4 June ruled against France and Portugal for having legislation giving the state exceptional stakes ("golden shares") in privatised companies. However, in another case against Belgium, the Court ruled that the Belgian rules were legal.
The European Court of Justice on 4 June ruled against France and Portugal for having legislation giving the state exceptional stakes („golden shares“) in privatised companies. However, in another case against Belgium, the Court ruled that the Belgian rules were legal.
