Brussels, 13/05/2003 (Agence Europe) - The Court of Justice has reached two rulings on Spain and the United Kingdom, condemning the systems these countries use for managing specific shares ("Golden Shares"). These decisions are in response to two appeals made by the European Commission which regarded the said systems as contrary to free movement of capital.
With regard to Spain, the No.5/1995 law on "the legal system for sales of public assets in certain companies" governs privatisation of...