Brussels, 29/06/2006 (Agence Europe) - On Wednesday 28 June, the Commission decided to send a reasoned opinion to Hungary because it considers the 1995 privatisation framework law to be incompatible with the free movement of capital and the right of establishment. The Hungarian law conferred special rights for the State in 31 privatised companies in the form of voting priority (“golden”) shares.
Before its accession to the EU in 2004, the Hungarian government brought a bill before the...